D. Charles Pyle answered two important questions relating to the Red/Reed Sea and the Book of Mormon here, which soundly refute these two popular "arguments" against Book of Mormon historicity:
What about the mistake of saying the Hebrews crossed the Red Sea when it really should be the Reed Sea?
Funny thing is, there are critics of the Church who claim that the Book of Mormon is false because it does not mention the Sea of Reeds when referring to the Red Sea in recounting the Exodus. It is true that the phrase _ym swp_ does literally mean Sea of Reeds. It is also true that the various Biblical scholars are saying that the Sea of Reeds is not the Red Sea.
However, the biblical scholars who make such claims are all wet, in my opinion. Why? First of all, the ancient Greeks called what we know as the Red Sea combined with the Indian Ocean, "Red Sea." Lastly, the Bible text itself plainly states that Eloth (modern Elath) was on the shore of _ym swp_ (1 Kings 9:26)! Since _Red Sea_ is our modern equivalent for both the Hebrew term and location, it is perfectly acceptable and logical for the Book of Mormon to contain it as it does.
Why does 2 Nephi 19:1 incorrectly change "sea" in Isaiah 9 to "Red Sea"?
There are those who say that this is an error. It is possible that it is a scribal error on the part of Oliver Cowdery in copying the printer's manuscript from the original manuscript. The problem is that this cannot be proven or disproven because this portion of the original manuscript no longer is extant. It also is possible that the Egyptian textual translation of the Hebrew is in error and that Joseph Smith translated it, error and all. On the other hand, it also is possible that it is not an error at all.
The King's Highway also was part of what was known in ancient times as the Way of the Red Sea, which led out of Egypt along the shores of the Red Sea, passed through Edom and changed direction after meeting with the Way of the Sea, in Galilee, to go into Mesopotamia. It is possible that Joseph journeyed this way, or at least part of this way, to avoid going through Judaea when he took Jesus into Nazareth as a young child. If so, it would be quite correct in that the light would pass into the region of Naphtali via the Way of the Red Sea. Joseph sought to avoid contact with Archelaus and a back route would be one of the best ways to avoid contact.
We also know that Jesus went into the wilderness for his temptation after being baptized in a region on the other side of the Jordan. The English Book of Mormon has Bethabara as do several versions of the Bible while [several other translations have] Bethany beyond Jordan. He would then have come down from Galilee to be baptized on the other side of the Jordan (east of the river; 'beyond Jordan' meant to the east of the Jordan River), and come down around the Way of the Red Sea and around the Dead Sea to the Wilderness of Judaea. Remember, Jesus' wandered the wilderness for forty days, plenty of time to travel around the Dead Sea in that manner, that region being one the most inhospitable in the main. There are possible hints that Jesus came through Edom or Idumea. One way that he could have done so is to travel the Way of the Red Sea, which passes through Edom. The records of Jesus' life and travels are scanty at best and it is impossible to know for certainty at this time. In any case, I am not willing to state without good evidence that this passage is in error with any degree of certainty, for in my opinion there is no certainty either way. I have sifted through much contradictory 'evidence' and have formed no solid conclusion on this textual matter.