Let's say for arguments sake, What would you do if you were the Dolphins GM and you landed the #1 pick in 2018? For me, it be hard to pass up talents like those 2 QBs. I'd take the QB and try to trade Tannehill.
Just about any scenario where we end up with the #1 overall pick probably would involve a heavily diminished evaluation of Ryan Tannehill's status as the franchise quarterback.
I suppose we could end up trading a player before the deadline to a team for their 1st round pick, and then seeing that team go down the toilet the rest of the year. In that lottery-like scenario, perhaps Miami is very clear in their stance that they're not considering a QB. In that scenario would say they should just offer up their pick to the highest bidder.
Otherwise, I say there are three ways we could get to #1 overall and two of them are bad for Tannehill. His knee could blow up and he could miss the entire season, and we could suck mightily with Matt Moore and/or Brandon Doughty at the helm. That would not be good for Tannehill and you'd have to say that Miami could take a promising QB just to hedge their bet, if nothing else. If they end up with two worthwhile QBs they can always trade one later.
The second scenario involves Tannehill just sucking that much. If that happened I think that would be the end of his time here in Miami. It would be a repeat, except worse, of when the Dolphins hired Bill Lazor in 2014 and initially looked like they had found the right match for Tannehill as he played well during 2H2014, but then had a more challenging year in 2015 that got everyone fired. Tannehill similarly will have had a 2016 improvement arc through 2H2016 under the new offense, then another drop-off as opposing defenses begin to figure out his tendencies in the new offense and Ryan can't overcome them.
And honestly, part of me does worry about that scenario, particularly since they have just executed yet another off season where instead of focusing efforts on the ground game which was a big part of the 2H surge, they're once again robbing the core ground competency in order to have Tannehill lead an all-out aerial attack. History doesn't repeat, but sometimes it does rhyme.
The third scenario is a total defensive collapse. In that scenario, Tannehill would probably survive, especially since with a total defensive collapse tends to come an offensive surge. If you do a lot of research into really poor defenses that allow a lot of yards and points, they tend to be accompanied by stronger offenses that can also gain yards and score points, just not nearly enough.