The Rams actually didn't have a first round pick for something like 6 or 7 seasons.
There are multiple ways to skin a potato. What I think is clear by the moves we made is Peters is not being reckless. They needed a starting CB, he looked at the CBs who would be available in FA this season and probably took a peak at the draft, determined they needed a guy, and went and got him.
They needed a LT, the guy in Baltimore never hit FA, he was really the only top guy available, so they went and got a guy.
Deebo is a nothing burger. It's a 5th round pick. Doesn't even register. 80% of 5th round picks play ST and are competing for their job in year 2.
The issue is Ron left us a roster devoid of starters AND depth pieces. They have to come from somewhere. They drafted 9 guys last year, all made the roster, and most contributed. I'm pretty sure they had 2 UDFAs make the team also. They get 3 or 4 to contribute from this class, and 3 or 4 from next year, that's basically best you can hope for in the draft over a 3 year span.
If you look back over the first 3 off-seasons and have drafted 16 contributors who are in years 1-3, that's a massive success no matter how you play your cards.