Someone just dropped Bogut. Debating whether I have a spot for him on my squad, assuming he'll miss a week or two with his injury.

My team:

PG: Curry, Kidd
SG: Harden, MKG, Afflalo
SF: R. Gay, D. Wright
PF: A. Stoudemire (Inj), Duncan, A. Jefferson
C: C. Bosh, R. Lopez, D. Favors

Most of my team is doing well. R. Lopez was a waiver pick-up that has been way overperforming so far. I'm thinking I would be safe to drop Favors for him, but want to make sure I'm not missing something.

I wouldn't drop favors for him. Favors has a ton of upside. I would consider Wright over Bogut since you have SF eligibility out of MKG as well. It also depends on your scoring set up and the ability to wait on an injured player.