Nope. Not unless your getting Manning/Luck talent in exchange. The move was costly to the Bills. Giving 2 first rounders is BIG currency in the NFL.
That being said Watkins is a good player, but has already been outplayed by Odell Beckham. WR wasn't a position of need going into last season as well. TE was the need position.
If I had it to do over again, I would have taken Ebron and let the cards fall where ever they did this year. If it was for the Center the Browns got, I'd take him. We need OL help. You could move Wood to Guard anyways. Gives you the flexibility.