Valid points. In a roto league, obviously, he'd have gone significantly earlier. And in an H2H league with playoffs, I feel he still would have gone sooner than pick #128.
I struggled with the pick a bit but then realized that there's a good chance that whoever I draft here I will end up dropping. The other guys I was considering can certainly pan out, or could very well end up busting out. I'm fairly confident I'll get one of the 5 guys I was considering next round anyway.
It hurts a bit playing with only 12 guys, instead of 13, but either we get promising news relatively early on in the season (should have a clearer timetable about a month into the season), in which case it will have been worth it, or we get the dreaded "out for the season" or "status uncertain," at which point, I will easily drop him, and I will have wasted a 128th pick. No biggie either way.