If you use a 5th round pick on a punter, you damn well better get one of the best punters in the NFL. Jake Bailey was one of the best punters in the NFL, in one season, 2020. He was #1 that season in Net Yards/Punt. His other three seasons in New England, he was 18th, 29th and 35th. Then, the Pats had to go and use a 6th rounder on another punter.
That, to me, given the position and the draft spot, is a bust. Like kickers, the best punters in the NFL today (with the exception of Anger) is littered with guys who were undrafted. Anger was drafted in the 3rd round by Jax in 2012. Played 4 seasons there, then to Tampa, then somewhere else, then to Dallas where he led the NFL this season. But I wouldn't say that picked worked out for the Jaguars.