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If Gronk was just a "TE" this would make emminent sense. But Gronk is not only the best in-line TE in the league, he's also happens to be our best outside WR as well. Our best deep threat, because even when he's covered he's a bad match up most of the time, and our best GL option.
So what are the best WR's making? Say its in the 10-12 range (just a guess, btw) The best TE's are in the 8 range (as you point out) So isn't Gronk's versitility worth something extra as perhaps the most impactful non-QB offensive player in the league. The guy plays a key role in both the pass and run games, and is the player you know other teams have to make special adjustments to.
But like you said, he's missed a season's worth of games, and he's under contract for another 3 seasons after this one. So I guess you don't HAVE to do anything, but SHOULD you?
I don't think they should concern themselves with this issue for at least another year. Possibly after the end of the 2017 season, prior to 2018. I think that would be fair and reasonable for both parties.