Sure, the bust potential is higher for pitchers just because of injuries. But the payoff from a hit is indeed bigger for pitchers - look at the top-end FA AAVs for some guidance there.
Starting pitchers are the hardest thing to find in baseball. After that it'd be SS; not sure beyond that.
yes, but how much more likely is that super-valuable pitcher to be the guy you identify as a top 5 pick than is that guy to be picked later, and is that hit ratio better than the ratio of position players in the $20MM+ AAV range for the same picks?
Maybe that is hyper convoluted, but think of it this way - among the $30 million pitchers, there's Cole and Strasburg (I consider him a hit), but not Scherzer, de Grom, etc... I forget where Kershaw and Greinke were drafted, but ...
Taking this back to the current situation, do you gamble on Skenes / Dollander even with the bust likelihood, or do you go position player? Stras or Dustin Ackley

(or the obvious pick, Trout). Do you value Skenes ability to hit as a floor under his bust potential?