It's definitely a huge risk, but if it pays off, it pays off huge. He's still in the Bedard tier for skill, which is the upside, but all the side stuff that is concerning. I don't know if I would have the balls to pull the trigger on drafting Michkov - my bet is one of the teams with multiple 1st takes that chance.
Side note, imagine if he falls to 19 and Chicago gets both Bedard and Michkov.