Hi
Even if you are short of points, the immigration officer could rule in your favour if he/she thinks there are factors that outweigh points. So .. if you can risk losing the application fee, I'd say go ahead and apply. And at the same time .. study French.
But if the OP is refused quite likely, positive discretion is not used that often, then s/he has wasted 2 years, just to start again. Get the additional points before applying.
PMM