Eh, I think that whether or not this argument holds up depends on whether you believe that, no matter how much anyone else from the 2018 draft class improves, they'll always be a step behind Doncic.
They start from a step behind because the value of their skillset and role is lower.
Is it, though? I'm not convinced that Doncic is that far ahead of his peers. Ahead, sure, but he doesn't seem so far ahead as to be uncatchable. 2018 wasn't like the 1997 draft, where the talent differential between the best player in the draft and, say, the fourth-best player in the draft is completely insurmountable. And it doesn't even require a so-called drop-off, like what people talk about with Tyreke Evans: Victor Oladipo won ROY in 2014, and was considered at the time to be the best player in a bad draft class. If you re-did that draft, he'd probably be 2nd or 3rd, depending on how much you value a player like Gobert. But the thing is, Oladipo never actually fell off: if anything, he started out good, and has continued to get better. It's just that he was caught and surpassed by Antetokuonmpo. Just like John Wall never really fell off: Paul George just became better than him.
Personally, I've always said that obviously anything can happen. Luka could regress, Trae Young could turn out to be Steph Curry and so on. What I'm saying is that based on what we know atm, Luka is most lilely going to become the most valuable player of this draft class. Thats based on what we know now and imo this is quite reasonable opinion with a solid argument backing it up. Its the most probable outcome.
What makes the pick re-litigation a worthwhile discussion to have is whether you believe that a player like Ayton, Bagley or Jackson can ever develop the skills that Doncic already has? Because one side of the argument is rooted in the belief that they can't, and the other side is rooted in the belief that, if they can, you'd rather have a guy who can do all (or most) of what Doncic can do, but is also bigger, faster and stronger. What detracts from the discussion is the tendency of some to overemphasize weaknesses to the point of making it seem like they are trivializing strengths, and the tendency of others to be more focused on making people answer for their takes.
Ayton, Bagley and Jackson can never develope the skills Luka has. None of them are ever going to be a ball handling offensive creator. Or at least it would be extremely unlikely. They are big men. Statistically the most important skillset for a center is defense. In general thats how they contribute to winning the most. But thats slightly a different conversation so I'm not going to get into it more. The point is, the value of their role and position is less than for Luka. They will never possess the most valuable skillset and thats why they start from step behind. That doesnt mean that those guys couldnt become very good players but they are different players and most likely not as valuable as Luka since Luka is already a lot better and has more value to his game.