This notion of Toney is a #1 so we don't need a #1 is nonsense. Stack talent.
Bama had Devonta Smith and Jerry Jeudy. More recent, OSU had Jeremiah, Tate, and Egbuka last year.
I love Toney as much as the next guy, but if you don't think putting him alongside a bigger receiver who can bring down contested catches won't just make Toney more of a threat inside, I don't know what to tell you. Besides, he takes some big hits and plays fairly physically for his size. If you can avoid a little wear and tear, do it.