Everything you're both saying is true and it's a great way to move the ball down the field methodically to a score. But it's a front running mentality. It works very well so long as the Pats are winning or not behind too much. The problem I see is the Pats don't have the explosive quick strike threat to score quickly when needed the most. Opponents know the formula to beat the Pats is to play nickel, pack the middle and give Lloyd single coverage. Lloyd couldn't pull additional coverage his way to help open the middle. That to me is his biggest failing.
Many here want to point to Lloyd's production as the reason to keep him. It should be pointed out that Lloyd had 1/2 his total production for the year in just 4 games. All were losses. What I saw was that when good defenses packed the middle with the lead, when the Pats needed him most, he wasn't able to lead them to victory.
The Pats need an X receiver with speed as an outside threat to pull coverage for the short passing game to continue to be successful. (And with a healthy Gronk, it would be wildly sucessful.)
Plus the additional 3 days before free agency begins of legal tampering.
edit: Negotiations w/ FAs can begin on March 9th.