I'd be fine with this. I'm a big fan of Pitts. In a perfect world I would trade down further to someone else who wants a QB in this situation, but if we aren't going QB, I would take Pitts over anyone other than Chase and Sewell.
Get a great offensive weapon, extra draft capital, and a great edge prospect.
I know "tight end in the top 10" is scary and not great positional value, and tight ends take longer than receivers usually. But if he plays most snaps and he's used as a primary pass catcher, does it really matter? Teams like the Raiders and 49ers have been able to run their passing games through the tight end. Both Super Bowl teams were loaded at the tight end position. There are so few difference makers at tight end, if that's what the Jets think he can be, he's worth the pick. This isn't Jace Amaro.
I also have faith in this GM and coach. Saleh keeps talking about how he knows what kind of players he wants in the system, so if we take a guy like Pitts in the top 10, I have faith that we have an idea how to use him.
I would take Chase over Pitts, but every other receiver has enough question marks for me to prefer Pitts. Yes, a tight end isn't a great positional value. Neither is a 170-lb WR.
Overall, I'm pretty excited about our options at the top of the draft. All the QBs have cases to be made they can be franchise guys, and there are elite guys at other positions that can bolster our offense if we go elsewhere.