Generally agreed, and I think it was a misstep on his/their part, especially ending the offseason with 'dry powder', to the extent you want to believe Rickett's quotes about staying right below that first tax line. There were quotes/implications/whatever about setting that money aside for in-season acquisitions, which was a little absurd given the concept of picking up like $25m in pro-rated 2025 salary, but still. This was also before Steele went out and Shota went down.
Having said that, Boyd and Rea have given us 110 innings of sub-4 ERA, 1.7 fWAR production, Shota was regarded as an underwhelming signing and has been great, and Taillon was similarly viewed as middle of the road and has given us 400 innings of 4 ERA pitching. So Hoyer has earned some trust in that type of acquisition. And he's made relatively big moves (in quiet trade seasons) with essentially .500 teams in the last few years, so I wouldn't count on him sitting out.