The annual Senior Bowl is one of the many parts to the NFL Draft process. It gives the participating prospects and opportunity to showcase some of their talents, and maybe even improve their draft stock. However, the most important thing is to take this piece of the puzzle with a grain of salt.
I personally use the Senior Bowl to confirm what I seen during the prospects college career. One week at the Senior Bowl shouldn't override a prospect's entire career's worth of production. However, this remains an important part of the process and has major ramifications.