Depends on the ratings of both. If the pitcher is a true #1 SP, he's worth it if the 2b isn't a perennial all star.
Tat said, if he really gets to 92 it's likely he should be #1
How confident are you in the projections and you ability to assess talent?
Also, how do you know the other pitcher is definitely going number 1? He might not be on the other teams draft board.