If he has a good of a career as I think he will, then yes. You wouldn't suffer through a terrible year if it meant you could pick up a franchise/pro bowl and potentially HOF QB? Yes, I think Luck will be that good.
That said, I wouldn't mind having Barkley either. I've heard that Carroll thinks that Barkley is the best college player he's ever coached, which is saying something given the talent Carroll brought through USC.