If he survived the duel that killed him, he'd certainly make a desireable enough candidate - well connected in Washington, a genuine war hero (though someone is bound to bring up his surrender to the British) and real experience in foreign and domestic policy under his belt. The question is, what party? The blue light affair would have soured the Federalists for him, for all his ties to the navy and the trade interests of the country, and he doesn't strike me as a populist. Could you see him reconciling himself with the ex-Federalists and run against Jackson? (I think it's too early before). Or could he basically put together his own platform? Pro-trade, pro-federal, not a states-rights-man, probably tied up with the New England states interests; he hasn't exactly got himself a lucky time window. It's like being a Republican in the thirties.