There is always more than one way to manage a dynasty team. You do you. Seriously, don’t let me tell you otherwise if you feel strongly about it. However, trading startup veteran talent for rookie picks is a highly risky proposal. Hit rate for 1st round picks is approx 50%. The 1.01 comes with no guarantees.
Here is an example of current startup ADP. As of today I would rather almost any of these players over the 2020 1.01. They are all known fantasy producers.
I’d consider trading a 5th round startup for the rookie 1.01. But another competent dynasty manager should not accept this offer.