Isn't Noel considered more of a true defensive center with limited offensive game where Davis is more of a C/PF with a good handle and shot?
My understanding is that Noel is that he can go either way (PF or C), but that there is concern about his ability to bang b/c of his lack of weight. To me that just seems to similar to what Davis offers (although you are right, Davis is better on the offensive side).
Don't get me wrong, if the Hornets/Pels are picking at something like #8 and he is still there I think it would be worth grabbing him. I just tink that if they have a choice of some other guys like Smart, Porter, Oladipo, etc that I think they would be better off getting one of them instead.