Indeed it would. Would have preferred getting him two summers ago when he was at his best. But still wouldn't mind him now. Maybe he'll get motivated and regain his previous form. In any case we don't have a real ball winning midfielder, so he will be a welcome addition either way.
Valencia is a great purchase though. He may be no Ronaldo, but he will become a special player in his own right. If we were to continue using the 4-4-2 he would have been the player I wanted to replace Camo
Signing Owen is a big gamble. I think it is going to turn out to be a mistake.