That's a pretty fair ranking and one I agree with completely.
The issue with Alex Smith is not just the Chiefs not drafting a QB this year... it's the price they paid making it difficult to draft a QB next year as well. And that's assuming they don't tether themselves to Alex Smith for more than just the two years they have him.
The Chiefs gave up a LOT to be mediocre/respectable this season. Yes, it's nice that Andy Reid won't tie himself to Smith if he is just OK and will move on after two seasons if necessary... but if that ends up being the case, the Chiefs surrendered FAR too much compensation for him.
"You gotta love livin', cause dying is a pain in the ass."