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You are right about that - our situation is pretty rare. But lets open it up beyond top 5 (franchise) to the first round in general. If we're supposed to believe Lynch is a realistic option (trade down or not) - I can think of countless examples of teams passing on first round QBs while their starter is 35+.
I think you and I are on the same page in this regard: Franchise guy is a no-brainer. If you think you're getting the next Tony Romo or better, you get him, despite the short-term loss. I'd trade a lot more than the #4 to magically make Tony 25 years old again.
That said, in the franchise guy scenario, I'd trade Tony. If your guy isn't far enough along to play today, he's not a franchise guy. If he is, no riding the fence. Start the next chapter today. Lose a couple extra games while he's learning and cash in on those higher picks. Get what you can for Tony. Avoid the locker room drama. Band-Aid - clean off.
It sounds like the difference between us here is a function of how the team's graded the prospect, then. I don't have a hard and fast rule, but I'd probably take any player we had rated in the top dozen or so players in the draft at the 4 spot if I needed a QB. Those guys like Bridgewater or Carr who I might have just outside my first round grades (and by that I still mean 18-32 or so overall in a draft class), I'd wait a year as it's normally not too expensive to get in position for the 4th or so best QB in a class if that's what you want to do.
Many years, I'd be ok with a burning a pick there if I had years to develop the guy the way Denver did Osweiler or NE did Garropolo. This year, though, there's not really that guy there. There's Lynch, who I think many people regard as a cut above that tier of player, and then there's stupid Connor Cook that nobody likes.
In the franchise scenario, though, we can't really trade Tony until 2018, so it's moot. We'd have to double up and endure the cat fighting for a couple years. Again, though, that's not the end of the world.