We favor hypotheses for their simplicity and explanatory power, much as the architect of the world might have done in choosing which possibility to create.
From any vocabulary of ideas we can build other ideas by formal combinations of signs. But not any set of ideas will be instructive. One must have the right ideas.
Much early alchemy seems to have been adventure. You heated and mixed and burnt and pounded and to see what would happen. An adventure might suggest an hypothesis that can subsequently be tested, but adventure is prior to theory.