No, for several reasons. One is that ZPE does not establish an absolute frame of reference (which was the primay reason for assumming the existence of an ether.) Another is that an "ether" in which "things" exist and move is inherently a dualist model of reality, whereas modern physics is based on fundamental unification of forces, particles and geometry. Finally, ZPE is not a "medium" or "transport substrate" for wave propagation, which was the key characteristic of the hypothetical "ether."
Fascinating. So ZPE is not associated with the mechanism for EM wave propagation through a vacuum?