So what you're saying is the highly paid amateur scouting staff do nothing, and it really boils down to luck in the end?If you end up with a Michael Bunting with the 28th pick, you are pretty happy. People here are either dramatically overestimating the hit rates of the picks in the 25-32 range or have very unreasonable expectations. First round picks outside the top 20 are basically a 50/50 proposition to become a player of value (top 5 D-man, top 9 forward, starting goalie). Yes, a better player will likely be drafted after him, but actually identifying that player is going to be highly unlikely.
Not that I disagree, but I tend to think there should only be 3 rounds total. All other players are free agents to sign where they may.