I don't think it applies because it doesn't really "cancel". They score points differently. In my league, if my QB throws for 220 yds and 2 TD, that's 15 points. If his receiver catches for 100 yards and 2 TDs, that's 22 points. I'd rather start my QB that I think will go for 280 and 3 TDs.
In other words, I would never sit my stud just to start my opponent's receiver's QB.