Yes it exists. As it pertains to your original discussion: the Avalanche's overall roster just really isn't that "talented," by which I assume you mean good at hockey. Some individual guys are good and they especially have good speed, but their overall depth and defensive ability is pretty bad.
I have zero intention to bash them, but that's your example and it's a good one. Maybe chemistry is a factor, but if your point is that they'd be a playoff team if they had better chemistry with the same overall ability level, I disagree. Last year was more of a fluke than this year is. They're super young, though, so it'll be interesting to see how they improve (and possibly gain chemistry), but I think they're playing to their level, not below it due to a lack of chemistry.