Guillotine League, 16 team, full PPR - Strategy

Entering a guillotine league. Every week the lowest team gets eliminated and the team goes to waivers.

Any recommendations for drafting (IM assuming grabbing the starting lineup is more important and looking at week 1-5 SOS might play into it.

Also what type of value do you throw on FAAB? I am assuming a lot early as you want to stay in the game for the eliminated teams top 1-4 picks ?