Meh! Was thinking it would add some legitimacy to Conor's return to put him in a serious, title-contending event. There needs to be some professionalism and class to Conor's return, so unless they're going to go silly with the WWE style playing up to the 'notorious' malarky, what better way to do it than putting him on a serious card?
That's a lowly rank to give him, in all honesty, as that's a tier with very limited/linear fighters - I think he's better than that in relative terms, it's just that no other division has the best of all time in there as the prize/penalty who has a penchant for humiliating challengers - if there were no Jon Jones, someone like Reyes could be a champion, especially so with Cormier's rank being a phantom one now given he'll never fight at LHW again.
Jones is intuitive, of course he is, but my point with the potential for him losing this one is that Reyes has the kind of power that could mean taking him lightly mightn't give the chance for restitution after the fact - I don't think it matters whether Reyes goes in there in the form of his life as it only comes down to whether Jones goes in there with the intention of taking the guy out and showing his utter dominance from the beginning, or whether, as I suspect, he'll go in there trying to meet fists with fists. Jones' boxing is by far the weakest aspect of his skilset; outside of outright power, perhaps his only genuine weakness, and I think if he is ever to lose in his prime, it will be because he's tried to outbox a better boxer and got himself sparked (for no good reason) trying to best a boxer at their own game.
Apart from Cormier (any time, ever) and the rematch with Gustafsson, Jones hasn't gone out there to really put as damaging a beatdown on someone as he could and I don't think he'll be going out there with that kind of intensity vs. Reyes as there's no evidence to the contrary Jones will change track, for Reyes, from what he's been doing (fighting people in their own style) when he finds it so entertaining.
An early, flash KO. in this one wouldn't be a surprise if Jones goes in there intent on trying to box and gets hit flush. Apart from that, I'd call a walkover for Jones.