As long as your 1st rounders end up as top end players you can largely build through the 1st round. The issue comes if those guys don't all end up as 1st line/pair/ starter talent. Seider, Ray, Ed absolutely fit the bill as top end talent. Cossa and ASP are also looking like special players. Kasper, MBN, and Danielson are going to have to prove to be at least top 6 if not top 3 for this work.
Stevie has actually done his building in a smart way too in order to maximize his window by drafting his dmen and goalies first. Those positions typically take the longest to develop whereas forwards can often fully contribute in 0-2 seasons post draft.
We really need Kasper or Danielson to develop into at least a Larkin level center and the other to be a true 50/60 point 2nd line guy, because we a probably going to be outside of Larkin's top 3 timeline.
Our lack of center depth in the organization still scares me. If we end up drafting high this year I hope we can address that but it will be really hard to pass on a more sure bet offensive winger to do it.
Now with that said I don't think the Wings post 1st round picks are a total disaster. I see a lot of potential in Buch, Finnie, Augustine, Wally, Lombardi, Mazur, Plante and Ant Jo. There are also some intriguing depth guys Tuo, Buium, Savage, Kiiskenen, Soderblom. I do wish they had gone a little more boom/bust on some picks in early tank drafts. But with boom/bust guys they often take a bit longer to develop and I think we are seeing this with Buch, Wally, Lombardi, Finnie, Mazur. So it doesn't super concern me that these guys aren't in the NHL yet. My issue is when we have 1st round guys, in at least their 2nd year post draft, that are clearly in the top 18 players on the team and aren't being given roster spots. Ed should have been there last year and Kasper should have been there from the start this year.