The Suns have already been through the period where they didn't value draft picks and it didn't work. This has been much discussed. It's one of the reasons the Suns have been in decline.
I don't think picks have been misused in quite some time. The only 1st in the McD era that has been thrown away was Ennis, IMO. He was 1 of 3 1st round picks that year though so it wasn't all that surprising that 1 of the picks didn't pan out. Warren panned out well from that draft and Bogdan helped us acquire Chriss. I think some are overvaluing the talent that will be available at 16. It's odd to see people put down the stats of backup PG's in favor of the prospect of players who may never achieve being solid backups. We'll see what happens but I'd be surprised if we add a rotation player at 16, even more so if we add a rotation player at 31.