I would have liked to see Pizzagate compared to the conspiracy theory that Donald Trump was Vladimr Putin's sleeper agent, and that his campaign worked hand-in-hand with the Russians to steal the 2016 election. More than a few people believed that.
I don't think reasonable people are asserting that Trump is a sleeper agent.
What reasonable people are saying is that Trump is an authoritarian, a person who admires other strongmen, a person who has had business relationships with Russia and has no problems with vehement conflicts of interests, and that there have been substantial reports of Russians creating political connections with people in the Republican party and various think tanks.
That's not necessarily a conspiracy, nor is it an idea of a "grand plan" to steal elections. Connections for the sake of influence and personal relationships have played part in politics since forever, and does not require conspiracist thinking to assert than and to assert certain factual evidence that suggests people are putting personal and party interests over that of national security.