Usually relievers who are the best among relievers are scouted as closer's since most managers and GMs tend to have their best reliever close out games.
If he was one of my players, I would develop him as a closer but have him close out the last two or even three innings of close games.
He could possibly be a 150 IP closer and you could have cheaper set up pitchers or even save some money across your bullpen and spend it elsewhere on your club.
He could essentially fill 2-3 roles in your bullpen for the price of one really good bullpen arm saving you resources to use elsewhere is what I am trying to say.
And his value as a starter depends on the quality of that third pitch. If it remains weak then he would be wasted as a starter since he will get pummeled in the middle innings.
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