Well, you'll never know how much of that was because of the descendants of Huguenot refugees to English territories and their impact on the English naviesThe entire system could be reversed. After all, if French Huguenot colonies become valuable sources of wood and ships, France could end up the premier naval power.
Probably not going to happen, but . . .
It bears at least consideration.
I think the main problem is that France is drawn to land war in Europe, with colonies as secondary, and that's not changing with Huguenots.
A given king or ministers, sure, but not something along the lines of "Hugenots mean seapower".