I don't think Avs have been in that position enough to judge them. Yes, the only two later rounds turned out to be Bleackley and Hishon, however, under Hepple we simply do not have the history or information to know if he's Pracey bad or if he's better (do think Hishon's injury eventually made him a bust IMO). At least Avs fired their head scout, if I remember all the Oilers did was demote their ex-head scout and promoted somebody else while keeping their ex-head scout (lateral move at best). Maple Leafs if I remember fired like 15 or so of their scouts.2010-on was that part of the discussion. The Avs struck gold in 2009... beyond that, it gets pretty rough with what they have been able to accomplish since 2004. 07 had Galiardi and 06 had Stastny. That is really about it.
By no means am I saying the Oilers are great at producing later picks... they aren't. Outside of 2009 (which seems to be a fluke as much as anything), the Avs have flat out sucked at it since 04. A few hits and some of them great (ROR, Stastny and Barrie)... but no real quality either. Outside the top 10, the Avs haven't produced passable NHLers on a consistent basis. The Oilers have at least produced some NHLers and at a higher rate than the Avs. They haven't had the ROR or Barrie hits, but the Oilers have the Eberle and Klefbom late 1st that the Avs can't hit on. 6 of one, half dozen of another. I think you could argue either one as better or worse and it really doesn't matter because both suck.
So far, we can only conclude with non-1st round picks and thus far they've been different and more across the globe. Not a fan of all of them, but definitely an upgrade to what Pracey was giving us.
Elite Prospects - Players drafted by Colorado Avalanche
Just compare 2014 and 2015 and see the contrast in quality (disregard Rantanen) even if majority of them won't become NHLers.