Only if set pre ATO (i.e. 1962 stock) and when the line to Ongar was still open. But if you do a search you will see the Central Line has been suggested several times before, Also you need to put a bit more meat on the bones as per the guidelines at the top of this forum sub section, to actually sell the idea and why it would tick DTG's "LAMPOIL" criteria when looking for new route projects. On a practical level also worth pointing out DTG have stated doing Bakerloo went over budget due to the extensive UE light baking needed for the underground sections and since then they seem to avoid routes with many sub surface stations.
Still have a vivid memory of this. The only time I went to UK, a few months before closure. I loved the rural atmosphere of the area. One of my best railway memories (including the third rail, coming from Folkestone).