I have always found the Santorini eruption theory quite compelling for the events of the 'Red' Sea crossing - Source 1
, Source 2
. And of course there could be other possibilities - it is not unheard of for an opposing army to be driven into a body of water.
But, and more on-topic, that sort of thing hasn't really been a major factor for me in dispelling faith - I have always been open to the idea of God(s) bringing about their will by nature - by using evolution, volcanoes, tsunamis, et cetera
(And on records, don't forget the Apocrypha or 2000 years of manipulation, misinterpretation and mistranslation of text - and that's just the approximate amount of time the New Testament of the Bible has had to be corrupted. Think how long we've been messing around with the truly ancient theological texts.)