That's highly debatable. We could've traded players (we had them), and picks from the current/future drafts.
Besides the year after Watkins, we've had 1st round picks...we've had 2nd round picks. And again, some of those QB's WE PASSED ON. We had the opportunity to draft them and chose not to, several times.
If you want to staunchly defend that position, I'll provide what picks we had, who we chose, and what assets we had both pick-wise and personnel wise to argue the opposite.