For most of his college career, IIRC, Woods was a blocking TE. He became more of a pass catcher after he transferred to play his senior year, also IIRC. I would wager that Woods could block as well as Mo, who isn't as great as it as billed, IMO.
Woods taking over for Mo, and adding Bowers as a truly elite Move TE, would give the Colts one of the best TE rooms in the NFL, two good options for AR, whereas now its a mediocre bunch missing that star player. Would save some cap too with a Mo release.
Why would risk prevent you from drafting a good prospect? The draft is a risk in general.
Stitches posted something yesterday, showing that DEs drafted outside of the first round are less likely to be starters than WRs drafted outside the first round. So it seems to me that if you're concerned about the risk of not getting a starter level DE, you'd want to use a first rounder on that position.
Let me ask this, because I think there's a healthy disagreement among a lot of people on this topic. For our defense to work as designed, what's more important, pass rush, or coverage? They obviously rely heavily on each other, but in your opinion, which one is more valuable?