There are experiments which suggest just that. In the Sinking Ship phenomenon a telescope has been applied to half-sunken ships and they have been restored to view. This suggests that the ships are not really hiding behind a 'hill of water' as Round Earth Theory suggests.
Are there any actual photos of an object 'sinking' on the horizon, using magnification to 'restore' that which was most likely too small to see anyway, and then using increased magnification to bring the object into complete view?
If this were the case, zooming in would cause an object, or ship, to visually rise out of the water the further one increased the magnification.
Everytime I've looked at (or seen pictures of) distant 'sinking' objects, magnification only allowed me to see what was too small to see with the unaided eye. Increased magnification didn't reveal anything actually blocked from view, nor did it change the perspective or shape, meaning it was still 'sunk'.