Nope. 1534 BC is probably the year of the birth of Hatshepsut, herself, if that southern sky has been correctly interpreted. It can work out. Look:

1534 Year of the birth of Hatshepsut

1534 minus 16 = 1518 = beginning of reign of Thutmose I, already being a man with a wife [or wives] and children when he succeeded Amenhotep I.

1518 minus 8= 1510 = death of Thutmose I, beginning reign of Thutmose II

1510 minus 5 =1505= death of Thutmose II

1505 minus 23 =1482 = Year 23 of Thutmose III, fitting New Moon Cycle

This would mean that Hatshepsut was well into middle age in Year 21 of Thutmose III, when she was supposed to have died [or maybe was ousted]. Now, the reigns of TI and TII can be otherwise distributed because T II only has 3 attested years. But, probably, their entire reigns encompass 13 years, per Manetho, as I think he lumps them together under "Chebron" or "Chebres". Unless Hatshepsut had been born in at least 1534 BC, the mummy that Z. Hawass touts as being hers can't be--because it's the mummy of a woman of around 50. The mummy of T II has been judged to be that of a man around the age of 30. If he died in 1505--he would have had to be born sometime around 1534 BC, himself, being either older or younger than Hatshepsut. Can T I have been married to a royal lady prior to the death of Amenhotep I? Probably he was, as he had already been designated the successor, with A I realizing he may never have a son. A I, some think, might even have been gay. Were records kept of the positions of the heavenly bodies during the months in 1534 BC? Why not?