That would have left Germany as dominant in Europe (bad). But Hitler and Stalin never could have risen to power (very good).
As for the German colonies, the British navy could blockade them into insignificance whenever the Brits felt like it.
And I plan to test my theory if I can somehow figure out how to build a Mr. Peabody Wayback Machine.
I don’t hinge an empire’s behavior on this or that tyrant. Any other human could have been chosen. I would say that Wilson and his policies were beginning to have a negative societal effect on the USA, which needed its moral and religious faith far more than shifting faith towards a centralized government.