I have little idea what you're even arguing about now?
I don't have a problem with players like Dawson (in fact I've argued recently that we're too quick to dismiss players like that) or Reed, and I'm generally fine with the signings, especially as they were so late in the day. I just don't think it tips the window beyond 'average'at best. Certainly not an extreme or negative viewpoint worthy of one of your 'derision'. And if you can't see how 'cheap', 'punt' and 'cheap punt' are three distinct categories then I'm not going to explain it to you.
My stance is simple; when managers and players are unheralded, with unknown or limited profiles and experience, it makes more sense to presume that most will be be pretty average, which usually turns out to be the case. That's a pretty mild viewpoint. If it were a negative viewpoint, I'd have said managers and players like that are total shit and bound to fail.
Del was hinting at O'Neil's likely average qualities when talking about training, Dire Wolf took exception to that, and I put my two penneth in. Until I see otherwise, I don't see how it's likely at this stage that O'Neil is some kind of mini-Pep that no-one else in football has spotted except Matt Hobbs, and he's going to come in after an experienced Lop team and tear the place up. Of course, in time he may have a high ceiling, none of us know that so it's a pointless avenue to consider with zero evidence.
Now, the crux of the matter is this; if you're saying you feel it's likely that GON and the new signings are more likely to be above average, and even excellent, then what is behind that thought process? What that has gone on at Wolves in the past few years that would lead anyone to confidently believe that the senior team at Wolves are so on the ball that they can recognise and acquire low/no profile managers and players that have the potential to be top PL competitors? They will stumble across some for sure, just like some acquisitions that look great on paper just don't work, but they've done nothing to engender such confidence.
If anything, I'd suggest a healthy cynicism towards everything they do would be more appropriate for Wolves fans?