Too much credit to Hank here. McD has been our best player all year. If Hank is elite then Mac is truly elite. He didn't have to do much tonight at all except for a few scrambles and the Jagr break. We are dangerous because we play fast, have balance upfront, a strong D and a top goalie but our best player wears #27.
McDonagh can't even be mentioned in the same sentence as Lundqvist in terms of whom is "elite." Single seasons don't remove a player from being elite (since consistency and overall body of work is one of the most determining factors of elite status, IMO -- see Chara, Lundqvist) and single seasons don't make a player elite (see Varlamov, Okposo).
One guy has a Vezina, 5x Vezina finalist positions, Hart finalist, Gold Medalist, Silver Medalist, 1st All Star Team, 2nd All Star Team, and leads all Rangers goaltenders in wins and shutouts.
One guy is a player who is just coming into his own. And at his best, McDonagh might not be elite. Granted, we have yet to see his best, but as much as I like McDonagh, I can't call him an annual top-5 defense man. YET. I won't be shocked if McDonagh can finish as a finalist for the Norris one year, or wouldn't be completely shocked if he even won a Norris at one point in his career, but he isn't quite there yet.
Until McDonagh wins a Norris, or is a finalist for the Norris multiple times (e.g. Weber, Suter), he can't be considered elite.
On the HF Boards every good player is considered elite. The elite is the select few in the NHL. And again, as good as McDonagh's been this season, he isn't going to win the Norris or finish as a finalist for the Norris, or finish on the 1st or 2nd post season all-star teams.
I think McDonagh will eventually get there as his game expands, and he's one of the better defense men in the NHL, but he's not at that top-3/top-5 level yet.