You must not be looking at dynasty rankings. Mizelle ADP shows him at 135 overall, and I wouldn't touch him there.
If you are strictly talking about WR rankings, his ADP is WR59.
Here's the list of guys ranked lower who I would take over Funchess without thinking:
Valdes-Scantling, Marquez
Johnson, Diontae
Foster, Robert
Callaway, Antonio
Williams, Tyrell
Boykin, Miles
McLaurin, Terry
Stills, Kenny
I wouldn't take Gordon over any of these guys, but he's a lottery ticket with immediate resale value if he takes the field and balls out like he did in his first game last year.
I don't agree about Boykin and McLaurin.
I both understand why one would prefer Callaway and Williams and also wouldn't go out of my way to add them.
I have Washington and think he's a better bet than Johnson. I don't believe in hedging, so I don't really want both knowing I'll get it right with one or the other.
Stills is interesting, but in an uninteresting sorta way. If that makes sense. He's interesting because he's the default #1. But he's uninteresting because in a game of arbitrary end points in 6 years he's eclipsed 83 targets, 6 TD's, and 847 yards once each. So while his likelihood of being a hit is higher than Funchess, even if he hits you probably still don't want to start him. I generally avoid those types.
I agree about MVS and Foster, but the problem is their owner also feels the same way. If I reach out to them with a Funchess for MVS offer it's getting rejected. I think the same thing's going to happen if I reach out about any other young WR with upside.
But I get what you're saying related to ADP and looking at some rankings I'm surprised he's as high as he is some places - Fantasy Pros 56, above 59. I think there is a disconnect in applying that ranking to the actual market place though. From what I've gleaned since the end of 2018 if I'm moving Funchess it's a dump trade because no one is pursuing him. Maybe it's just my leeg's, but if we're talking Indy WR's Deon Cain has garnered more interest than him. Obviously Campbell too. Funchess is just kinda...there, until someone takes over the job - in my opponent's eyes anyway. I get where that impression came from March-May and once that became clear during my rookie draft's in May that's when I noted him as a hold and don't bother considering trading until in-season, if at all. Lots of tangible reasons to expect failure, but there is a path to a brighter future. See if he takes that starting point from 2017 and needed the change of scenery/2nd chance to re-calibrate, focus, and earn his QB's trust - or crash & burn.
Appreciate the examples though. I've been checked out of this game since my drafts early May, so this has been a good starting point to slowly re-engage as camp nears.