If they're truly terrible, which they're extremely likely to be which is why this pick was considered so valuable in the first place, them going all out trying to win probably WOULD net them a pick in the 5-8 range.I don't think that is likely. When a team owes a top 4 protected pick they aren't likely to play with fire and try to tank that year and risk giving a team a pick in the 5-8 range.
They'll tank their asses off.