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You know, in a way, the compensation for a QB doesn't matter at all.
If Alex Smith works out and this team wins postseason games, nobody will care that we paid a 2nd when we supposedly could have paid a 3rd or 4th.
If he doesn't work out, it will be a bust whether he was a 2nd or 7th.
The problem with QBs is not the picks you give up, but the years of your franchise you devote to them. If Smith busts, we won't care about the 2nd rounder, we'll only care about the 2-3 lost years.
Reid and Dorsey probably didn't get where they are by knowing nothing about quarterbacks at all. I will defer to their judgement for now.
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