I think it matters a great deal, or at least COULD, depending on how the team was thinking.
The number 11 pick may have the same "value" as a collection of other picks in a vacuum, but a given team may value the #11 pick MORE because of the kind of player they can get there, as opposed to the collection of players they'd add later.
Just because YOU wouldn't do it doesn't mean that nobody else would either.
Imagine you want to buy a $50,000 car. The dealer says no but we'll give you ten $5,000 cars with 100k miles on them instead. If you wanted a new $50,000 car, you'd happily pay the $50,000 for that $50,000 car, but no way in hell you'd pay the $50,000 for ten $5,000 cars. Even though the total value is the same.