Garcon was overpayed, but I like the other signings- Morgan came on the cheap, Royal was reasonable. Gives plenty of big play threats for Griffin to chuck it to. Garcon is not a #1, however, and should not be treated as such. Hopefully Hankerson develops (I love Hankerson- two games last year, one his first ever, the second 108 yards in 2.5 quarters).
If I could choose one more FA for them to get, it would be RT Eric Winston, just cut by Houston. According to Profootball focus he was a top-6 RT, and Jamaal Brown was clearly the worst member of the offensive line. That alone would be a huge upgrade. I'd also love Carl Nicks or Ben Grubbs to replace Chris Chester, who was also terrible.