Was thinking about this last night.
From an outside in perspective, over the last 3 full seasons played (~93 team seasons) 42 teams finished with 240 goals or more, 12 with 270 or more. So rough barometer 240 = solidly top half offensive team, 270+ in the top 4 teams in the league.
Looking at what we "should" get from the Big 4 - Matthews 50, Tavares and Nylander 35 a piece, Marner 25, that's 145, and likely a conservative number. Then 15 each from Bunting and Kerfoot to round out the top 6 takes us to a conservative 175. Rielly and Muzzin good for 15 between them, that's 190. So we're to 50-80 goals from the bottom 6F,bottom 4D, call ups, and spares. Currently have 9 in 15 games, while missing Mikheyev, Simmonds being snakebit, Ritchie showing why he's known as an inconsistent player, Sandin and Liljegren getting aclimated as everyday players. Even at that current pace (that we all think is too low for that group, that's another 40 goals, taking us to 49 from the depth, bang on top half of the league.
From the inside out, I think that we've quietly (and perhaps temporarily) acknowledged the cap situation caused by the star allocation and shifted gears to a pure traditional top 6 / bottom 6. Two high end first lines, a shut down line, and a heavy line, rather than trying to have 4 line deep offense. I think that there's still hope that the depth steps up (particularly Kase and Ritchie), but if you didn't like our F groups versatility and lack of line identity before- that's been addressed.
That being said, I think getting Mik back on the 3rd line could be a boost, and I'd like to see cheap 4C brought in to push Spezza to RW and have a rotation with him and Simmonds