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First off, NOBODY is signing Hoyer for the second round tender. I think it was a samrt move by the Pats to put a second round tender on him, but I'm sure that they are not thinking that anyone will offer him a contract at that price.
I could see the Pats working a sign and trade with Hoyer, have him sign the tender or a 2-3 year contract and then trade him for say a 4th round pick (or some combination of late round picks). I'm fine with Mallet being the back-up.
Folks seem to think it's a 2nd or nothing. It isn't. Pats could use his RFA status as bait to find an interested party and work a trade for whatever. I have no basis to share your faith in The Hammer, nor any reason to feel he's deficient. I would think that the Pats need training camp to decide on Mallet's ability. My view is that the trade window at the end of camp seems to me when the Pats might deal Hoyer were Mallet to impress.