This isn't the Reds.
The Bengals expect to win championships. You don't "see what you have" in a guy if you expect to win. Especially if you can afford a proven player.
As for Dax Hill.... he couldn't get on the field as a 1st round pick in a banged up secondary. I'm guessing the Bengals know what they have in him and it ain't good enough. Maybe he'll get better but that's a stupid risk to take if you don't have to.
The Bengals expectation(s) of championship(s) is 90%+ solely because of Burrow. Yes the front office has hit on some nice draft picks the last few years (Higgins, Wilson, McPherson, Hubbard) and the decision to take Chase over the Detroit All Pro OT turned out to be correct. Also, their defense has been underrated the last couple of years.
However, is Taylor a good coach or is he just another guy who happens to have a Top 5 QB who makes the difference? Taylor’s biggest decision for 2023 could be replacing the DC if he gets the Arizona job. The front office FA oline acquisitions were average at best and little improvement from 2021.
As long as Burrow stays upright the Bengals have a chance but the AFC is a tough road to the Super Bowl.