It would depend on how MacArthur composes himself, but the campaign of the man who wanted to murder potentially hundreds of millions of Chinese people- and anyone caught in the fallout- would inevitably be closer to Goldwater '64 than Eisenhower '52. Still, America was in a more right-wing mood at the time. Everything hinges on Stevenson's ability to keep the New Deal Coalition happy, which he probably couldn't. Shivercrat types would spoil it.
Governor Adlai Stevenson (D-IL) / Senator John Sparkman (D-AL)
General Douglas MacArthur (R-AR) / Senator Robert Taft (R-OH) ✓