Right. So the hundreds of strikers he bought for the Premier were who exactly? Spunked money on the likes of Rob Hulse (who most fans were opposed to, excellent), Jon Stead (who nearly all were opposed to, decent), Nade (virtually no money and who gave us one of the season highlights, better than expected), and who wouldn’t pay what Preston wanted for Nugent (or what Cardiff wanted a year before for Jerome). Yep, all Warnock’s fault. His fault too that McCabe was only willing to loosen the wage bill constraints when he got a proper manager like Robson in the following season...
I also thought Hulse and Stead were good buys - Hulse especially, up until the point when he got injured.
It sounds like you don't recall, but throughout his tenure at United, Warnock signed lots of strikers. It was actually a bit of a joke amongst football pundits and it was commented at the time that he was "collecting them" - many never played. I'm sure I could go look it up on Wikipedia and come back with a long list - not all would have been signed during the Premiership season admittedly, but my general point is that Warnock signed a lot of players, many of whom weren't fit to play at Premiership level. I also remember it being commented on during one abysmal game at Bramall Lane - that we had several million pounds worth of Warnock signings, sat in the stands watching the game. Davis and Fathi were 2 of them, that I remember. I don't think McCabe released enough funds for us to be able to compete at Premiership level, but the money he did release wasn't spent wisely by Warnock in my opinion. I'm not sure whether McCabe didn't have more funds to release, or whether he did have more funds but didn't trust Warnock with it, based on what he'd seen. My opinion is that Warnock didn't spend the money he had wisely, on players who were capable of competing at that level. It's fine for you to disagree, but you won't change my mind about that.
I think Warnock's awful tactics away from home was another major factor in us not retaining Premiership status. I went to many away matches and I began to dread it. He would change the team to suit the opposition - and he spoke freely about that. He'd put out a defensive formation away from home and try and stifle the game. One example of this that springs to mind was New Years Day, away to Middlesboro. Along with dozens of other Blades, we'd stopped off in Thirsk for a beer before the game. It was whilst we were in the pub, that we learned we'd just signed Ade Akinbiyi - we were all pretty stunned by that news!

We then went onto the game. Warnock put out his usual dour away team formation. Middlesboro were poor, very poor. They were there for the taking. But we never really tried to attack them, we were happy to try and snuff them out - then that big ex-Leeds striker of theirs (Aussie guy - can't remember the name now, but good player) scored and that was more or less game over.
There were many times that I came back from away games wondering why I bothered. It was like two different teams. The home team, where we would go for the jugular from the off. And the away team, where the manager would worry about what they might do to us and go all defensive. Could you see Wilder doing that in the Prem? I can't. I'm not saying he wouldn't play it tactically different at the likes of Man City and such places, but there'd always be that desire and drive to win the game - that wasn't the case with Warnock. (I remember ahead of the away match at Man Utd, he referred to it jokingly as "our little trip out" - inferring that we'd no chance of getting a thing there - that just about summed him up).
Sorry, I'm not a Warnock fan, not at all. I think the guy is a megalomaniac and a buffoon. I think it took him a long, long time, to turn our club around and get it back to the top flight and I think he wasted millions over those years on players who were just not good enough. I think he was an embarrassment to the club with his conduct and continuous slating of referees. I think even when we won, like the rare away victory at Derby where we'd played ever so well, his post-match comments were not about the win, but about how bad the ref was. It was just ridiculous. On the other side of it, by law of averages almost, he did sign some good players - some exciting ones - like Patrick Suffo - he was "exciting"! We also had some really memorable times under his management and some great memories. But we were talking about one season in particular, the season in the Prem. And my opinion is that, with a better manager, we may have stayed there.