Weltman is a very mid-GM. He does the bare minimum. He makes his draft picks. He re-signs his own mediocre draft picks. Overpays to fix a weakness after sitting on his hands. 
There's nothing innovative or inspiring about his work. He's living off of getting lucky in the lottery and landing the #1 pick in 2023, and Suggs and Wagner panning out. Outside of that, he hasn't proven that he's capable of building anything more than a team that can barely make the playoffs and lose in the first round. 
This current iteration is still one of the 5 worst shooting teams in the NBA, in a league that values shooting more than ever. Flipping KCP for Bane alone wasn't going to fix that. There's still no starting point guard. Wendell Carter Jr. is on a $50 million/4 year deal. He's not even a top 30 center in the league and he doesn't even fit with our best players. Jonathan Isaac is on a $59 million/4 year deal and he 
does not play. Weltman whiffed on the 6th and 11th picks in 2023 draft. Anthony Black doesn't fit around our best players and never did; He's closer to Elfrid Payton in my eyes than Markelle Fultz ever was (speaking of which, the trade that led to us acquiring Fultz involved sending Jonathan Simmons the Sixers 2020 1st round pick back that eventually became Tyrese Maxey  

 ). Jett Howard is a bust; we're in year 3 and he still hasn't earned the trust of the coaching staff despite the team desperately looking for any semblance of shooting. Tyus Jones is closer to retirement than he is being a useful NBA back up point guard. 
The Magic core is solid. It's the moves on the margins that Weltman has been really lazy about. There's wasted cap space on players that don't play or contribute in a way that's additive to the core, which is a trend dating back to the moment Weltman got here. IMO, that's where the cumulative misses in the draft, the complete negligence of the 2nd round of the draft, and overpays in free agency add up.
I don't believe we've really maximized the value of our draft capital over the years. Mo Bamba (2018 5th pick) and Chuma Okeke (2019 16th pick) are both out of the league. Howard and possibly Black are on their way soon enough. And every 2nd round pick was either cut or traded. I like Da Silva. I'm optimistic about Jase Richardson and Noah Penda, but time will tell. 
Cole Anthony (2020 15th pick) got a large contract that he had to attach an extra pick in the Bane deal just to get rid of. KCP got $66 million/3 years, which also required an extra pick in the Bane deal to get rid of. Al Farouq Aminu got a $29 million/3 year deal in 2019 to not play. Jonathan Isaac got $59 million/4 years to not play. 
The league is too deep to waste draft picks, cap space, roster space like that. Weltman is who he is since he's gotten here. He's got some assets left in the chamber to make this team more balanced. But as was the case from 2017 to 2021, it takes him way too long to fix a clear problem. We held on to the Vucevic/Fournier/Gordon core far longer than was necessary; the concept of an "evaluation year" was stupid. The data was there about what that team was. The front office sat on their hands and wasted 4 years of our time on a fledgling team going nowhere. My fear is he's about to do the same.