The only reason I am thinking about taking a hitter first is because there is a lot of depth at pitching. Most teams only kept one or two pitchers at most. Also still available are Beckett, Colon, Clemens, Maddux, Webb, Nomo, Pettite, Wolf, Harden and several other decent ones. Not to mention every closer other than Gagne, Smoltz and Wagner.
Also available as hitters are Lowell, Furcal, Teixera and Blalock who might be considered that high.
BTW, this is a 12 team league. I forgot to mention that.