The signing of free agent right tackle, Mike McGlinchey, meant that both starting offensive tackle positions on the line had their putative starters for the Denver Broncos for both the 2023 and 2024 seasons (when Bolles becomes a free agent after 2024). That being said, it is always wise (according to most NFL teams) to use day three picks on developmental offensive linemen.
While most of those day three OL guys never make it in the NFL, there are notable exceptions like Jordan Mailata (233rd pick in 2018), Dennis Daley (212th pick in 2019) and Braxton Jones (168th picks in 2022), but these exceptions are few and far between.