I think you really gotta factor in both Bush and Colston returning in projectioning Moore. Moore really had a lot go right (from an individual standpoint) to produce the #'s he did. When both Bush/Colston were healthy, he did very very little.
He may have had #'s alongside a healthy Colston, just remember Bush was out most/if not all of that time.
I'm not predicting injuries here & don't feel comfortable projecting more than 55 catches (~3.5/game) 650 yards 4 TD.
Here are Moore's game logs from last seasonWeek 1:
2-17-0
Week 2: 1-7-0 (Colston out)
Week 3: 7-78-0 (Colston out)
Week 4: 7-101-2 (Colston & Shockey out)
Week 5: 5-31-0 (Colston & Shockey out)
Week 6: 7-97-0 (Colston & Shockey out)
Week 7:
3-10-0
Week 8: 6-90-1 (Bush out)
Week 9: Bye
Week 10: 6-76-1 (Bush out)
Week 11: 8-102-1 (Bush out)
Week 12: 5-115-2 (Bush out)
Week 13:
2-15-1
Week 14:
3-35-0
Week 15:
5-27-0
Week 16: 4-36-0 (Bush out)
Week 17: 8-91-2 (Shockey & Bush out)
So in games where Colston, Bush and Shockey were active, Moore averaged 3-20.8-0.20 per game. That projects out to 48-332-3 over 16 games.
That makes sense when you consider his role in the passing game.
I realize the sample size is small...but Moore had already won the confidence of Brees by mid-season last year. Simply put, if Colston and Bush stay healthy, or miss short periods of time, Moore has limited upside.
I just hate drafting a guy too early who depends upon others to be injured to make his hay. He's not bad as a later round flier because both Colston and Bush have significant injury history. But I wouldn't go into a draft expecting him to do close to what he did last year.