No.
A movie even a play visually makes an attempt to make you a direct “observer” of the story. Delivers part of the story to you through your own eyes. If the story’s time and place is well known you have expectations as to what you will see. If you deliberately cast against that you wreck the visual message of the story. All there is left to tell the story is the dialogue you hear and its clashing with what you see. That necessary “suspension of reality” to enjoy the story is now broken. It might as well be a radio drama. Done as a radio drama the audience will mentally provide their own visual components.
I despise Shakespeare or any classic done in modern dress (or modern language!). If the fashion of the time is too trite for the modern producer. Do it as a audio(radio!) drama. If you have to do it.