Maybe. But I would suggest all you need to have a deep threat is to send someone deep. Hayden did it with Dave Moritz, to name one, a guy with modest speed but great hands who, to name one of many examples, famously got behind the speedy Tennessee DBs in the Peach Bowl and zig-zagged his way to a long touchdown in an Iowa win WAY back in 1982.
But if you insist on speed, maybe try sending that walkon down the field, you know, the All-American kick returner--Wetjen I believe his name is.
Good QBs throw receivers open. Good receivers go get the ball. None of this is anywhere near as difficult as Iowa makes it look. We know that by understanding football AND by watching pretty much every other football team in America, at every level, do it successfully.