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Doc...I think you're right, now that I think about it.
I did say in the previous thread that Smoak may well equal Upton's production, however I also said that Smoak and an arm (say, League) might be a good exchange for Upton. 
In retrospect...Giving up a $600K (and change) bat for one much more expensive (especially a couple of years out)  that doesn't necessarily have a more significant upside seems silly.
I stand corrected.
Upton is a precocious, "budding" star.  But he is no lock to put up multiple All-Star Season type numbers.  Certainly no more of a lock than Smoak or Ackley, I think. Perhaps less than both.
And, as I said before, I think Reynolds has every chance to be NEARLY the offensive player the Upton is next season or the season after or the season after.  Strung together, Upton will have clearly better numbers but in one of those seasons Reynolds may well exceed him and nearly match him in another.
I think I would do the bait and switch deal were I Jack Z.  Feign interest in Upton, regardless of the cost, then fall back to a deal for Reynolds. Schmooooze 'em out of something with value.
Even 80% of Upton (Reynolds, over the course of the next three or 4 seasons) for 25% of the cost (or less, when you include all the resources given up to make an Upton deal happen) makes a lot of sense.
moe