I like the question. They do have a sneaky level of talent. I wonder what direction Armstrong goes in. They have some star power on offense in Thomas, Kyrou and Buch but no real cornerstone piece. Maybe Thomas and/or Kyrou take another step, they're nice players to build around but not that franchise level piece at the moment.
Then the next group, Schenn and Hayes are really solid players. Vrána has had his personal issues, but if he can get himself together he's an incredibly talented player. Saad and Kapanen are solid depth.
The defense is the same situation. A bunch of solid players but no one in that upper echelon. Getting up there in age as well. Faulk, Parayko, Leddy and Krug. If you're looking at top pairing defensemen by definition, and ranking the top 32 RDs/LDs.. you could make an argument that they have a 1st pairing guy in someone like Faulk, maybe even Parayko. That being said, you'd probably be rating those guys as solid 2Ds rather than true number one defenders. So again, they're missing that true #1 piece to really build around.
Goaltending is a huge question mark.
You look at their prospect pool.. they have a really solid group. A few blue chip guys. Dvorsky has tremendous potential at center. Snuggerud and Bolduc have looked fantastic since being drafted. A number of other notable players. Their defensive prospects are lacking a bit.
I think if Armstrong is being objective with how his team shakes out.. they have a talented enough group that they could probably sneak into a playoff spot if things go right, but I don't see them having the high end pieces to carry them very far. Those prospects are probably 2/3 years out, Kyrou & Thomas are locked in and still young enough.. they have a huge stock of players they could auction off to address their weaknesses. Buch, Schenn, Hayes, Vrána, Saad, Kapanen, Krug, Parayko, Faulk, Leddy.. they could acquire a big chunk of picks and prospects for that group. They already have plenty of pieces, I think it makes a lot of sense for them to retool