No doubt a naturalist historian could write a perfectly valid history of ancient Israel and even out the bumps by attributing it all to ordinary socio-economic factors. No doubt they have already done this with Jesus - mystic revolutionary, opposed Romans, killed, followers believed his memory lived on, borrowed ideas of resurrection from pagan cult legends, etc, etc. PC may not be able to be proved from the limited evidence available, any more than the miracles of the Exodus or the resurrection of Jesus can be proved, yet PC should be able to accommodate any facts that TE can. In one sense PC is the Christian analogy of Punctuated Equilibria, whereas TE is more like Neo-Darwinism. The more evolution draws away from gradualism towards saltationism, the more it fits the PC model.
TE starts with the scientific picture and tries to accommodate the Biblical facts to it.
The real metaphysical issue is that, as Carl F.H. Henry has pointed out, evolution is not a Biblical idea at all, but derives from Greek pagan philosophy.