Lots of people thought he was going to be the best player in the draft, but didn’t think he was ready to rock, especially in comparison to McGrath. The “wise in foresight” thread on who you’d take with pick 1 is full of comments to that effect. There’s some people saying you could put him on a forward flank and watch him go, but I’d say the predominant attitude was he was higher ceiling, longer development time.
Going back and reading that thread, there’s a surprising number of people backing Setterfield. I’d forgotten about that surge of interest.