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Pence adds no value, IMO. Too much of a unknown and would be viewed as a doormat, regardless of his actual ability.
His value would be the strict conservatism views he has, but as a state, Indiana's economy is doing quite well right now compared to other states.
I really don't know if he'll get reelected as governor or not. Indiana is one of the few states prospering right now (unemployment is 4.3%, tax rate is low, solvency, etc.). I still attribute a lot of that to former Governor Daniel's policies and not Pence. I think Pence won election because of Daniels. He has two major black eyes that may come back to bite him. One is the LGBT law that had to be revised after considerable pressure and national publicity. The other was from education and his battle with the State Superintendent of Education. While not a national item, it was big in Indiana. I have nothing to base this on, but given his wife is a former elementary school teacher, I have to believe a lot of his views came from her.
I really don't know if he'll get picked, but if he hops on a plane sometime between today and tomorrow morning we'll know he's the guy.