The 49ers, over the past two seasons, are in the bottom half of the league in YAC/catch and in the top five in drops/pass attempt. Smith had a higher percentage of air yardage last year than Brady, Newton and Stafford and the same percentage as Rodgers. Smith's Y/A numbers are not misleading at all. This is from before this week,
Smith can definitely throw accurate deep passes. Smith is a little gunshy at times but you can't really blame him for all of it. When is the last time you remember a 49ers receivers making a good catch in good coverage? If Smith throws to a covered receiver the ball almost always falls incomplete.
Having said all of that, I agree that he was terrible against the Giants. I didn't see that many open receivers down the field but he definitely missed a handful. That could have something to do with the fact that the Giants took away the only real receiving threat that the 49ers have and had Smith on the run all game. Smith really can't win, though. People crucified Smith last year against the Giants for not throwing it deep. There was one play in particular, this
one with Walker, that people pointed towards to establish Smith's reluctance to throw deep. The first interception he threw on Sunday was the exact same play, with the players being in almost the exact same position. Smith throws it this time and it is intercepted, he was stupid to throw it. Smith didn't throw it last time, he was stupid to not throw it.