It it leads to a peaceful and stable state that would be a good thing.
Is there a need for a Jewish state? Lots of ethnic groups do not have their own state. Mine does not - a much smaller number of us, and we are disappearing through mixing.
So maybe there’s no strict need for a Jewish state, but I can see how going back to a collective of (often oppressed) minorities is not appealing.
But you don’t even need to look into history. Today Malaysia and Indonesia both have non-muslim minorities. Bosnia and Herzegovina has slight muslim majarity and is doing relatively fine.
When Turks left about 100 years ago Muslims were a minority but thanks to much higher birth rate they now want to set the rules in Bosnia. Serbs know that, that's why they resisted, and still resist, a unified Bosnia.
Ottoman Empire tolerated Christians, true, but to achieve anything in life you had to convert to Islam. Otherwise you could just remain a haraç-paying Christian peasant without any chance of education or growth. Haraç was a tax for being a non-Muslim.
It was super hard to be a thriving Christian under Turks. In fact the Turkish policy was to demographically and economically slowly bleed Christians and for those with ambition to convert to Islam.