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Or you could even go as far as taking Venice and making IT your trade capital and funnel all your trade from the Alexandria node AND the Constantinople Node to the Venice end node.
True but that's a long term project as you need to gobble up two more nodes, not to mention get more merchants.
Revolutionary Republic, and then into Revolutionary Empire if you want is basically objectively the best government in the game because of the obscene bonuses you get from being the Revolution Target.
You get the Spread the Revolution CB instead of Imperialism which gives you
50% AE
150% Prestige
50% Warscore Cost
Imperialism
75% AE
100% Prestige
75% Warscore Cost
Revolutionary Republic gives you
+2 Tolerance of heretics
+10% Morale of armies
-0.20 Monthly autonomy change
+3 Number of states
Revolutionary Empire gives you
+25% Natinal Manpower Modifier
+10% Morale of armies
-0.20 Monthly autonomy change
+3 Number of states
And being the Revolution Target (The first and only Revolutionary nation in the world gives you)
+10% National manpower modifier
+10% Morale of armies
−0.15 Monthly war exhaustion
−50% Unjustified demands
−15% Land maintenance modifier
−15% Naval maintenance modifier
+40% Land force limit modifier
+40% Naval force limit modifier
−100 Yearly papal influence
All of which stack with your government bonuses. There's never a reason not to go Revolutionary unless you just don't want to.