Nobody is going to argue that having a higher draft pick is worse than a lower one. But I think some (not saying you, your draft post just was convenient for this thought) also overvalue them to the point of absurdity.
Because for every Toronto example where they may have done well, you could also end up with a Pervis Ellison, or Greg Oden, or Marco Milicic, or Hasheem Thabeet, or Len Bias, etc. Or you fall in the draft lottery outside the range of the best players. Or in Kings land, maybe you get Stauskas, Justin James, Trob, Quincy Douby, or Dickau.
And you've traded away your best players in order for the "honor" to do so.
We've been in the lottery for 15 years and it's netted us pretty much a grand total of Fox, Bagley, Hali, Davion, and Hield (via trade) and a record of 17-27 this year so far. Out of the last 15 years in the lottery. The Spurs seemed to do just fine for decades with no lottery picks - it's not the end-all be-all of NBA talent acquisition.
I'd rather (judiciously) trade the draft capital for known talent than keep taking swings at unknowns. But let's not get crazy and go attaching several FRP to trade Fox for a Simmons. That's overpaying by a long shot (IMHO). We need a careful balance; I think some just start going all crazy slinging assets around.