I don't think we passed on Michkov based on us searching for need only. I think they didn't like Michkov's self centered attitude and it's very possible they were considering Reinbacher or Leonard. They might have felt both were close so they went with RD need.
I don't know about you but there was some character talk on our boards towards Michkov. Was this a real thing with actual NHL GM's and scouts. Not sure but my gut tells me it was. Hard to know for sure.
This is a quote right from Ray Whitney who talked about comments made from one of Michkov's teammate... "I heard that. Listens to nothing... coaches, veterans trying to talk to him, just tells them, 'F**k off.' A guy he played with this year just said, 'This kid, as much as I'm trying to give him a shot is just a piece of shit.'"
Google "Michkov attitude or character issues" and you will see the smoke. So no, not entirely based on speculation. I also added to the post after you replied. See quote from R Whitney