I'm not sure that the Kings/Coyotes/Sharks/Ducks are much (or any) worse than the Hawks/Preds/Jackets/Wings. Swap us with Dallas (which would be the sensible way to put us in the Central) and I think we are in the same boat.
The Hawks are 2-7-3 vs TB/FLA/CAR. Against those same top 3 teams, the Jackets are 3-3-3, the Preds are 2-11-1 and the Wings are 5-8-2. Detroit and Chicago were awful last year too with Detroit being comically worse than anyone in our division. The Jackets and Preds have looked bad this year and I think the general consensus is that Columbus was a mediocre team propped up by unsustainable goaltending last year. That division also has a pretty terrible bottom 4 teams, so I think we would be in the same boat we are currently in if we were in the Central.
Plop us in the Canadian division and I don't think we would be in trouble. We would probably be sitting in 4th or 5th and certainly wouldn't be more than a handful of points out of a playoff spot. We struggle against trap teams that rely on defensive structure and low event hockey. There is one team capable of that in the North. I think the makeup of our blueline and offensive structure would be a perfect fit for that division and I think we would actually have noticeably more points than we do right now if all the teams we played were inept at defending and wanted to trade chances. I think Vegas/Minny/Colorado are a better top 3 than Toronto/Winnipeg/Edmonton.
A 1-2 month injury-fest in an 82 game season isn't nearly as big of a deal as it is in a 56 game season and I haven't seen anything around this league to suggest that we wouldn't have been in the Wild Card mix out of the 15 team Western Conference if this was a normal season. The 4 bad teams in our division would all still be in the West, as would Chicago, Nashville, Vancouver, Calgary and Winnipeg. Instead of competing with the Kings for one playoff spot, we would be competing with the Kings, Jets, Canucks, Flames, Stars, and Hawks for 4 playoff spots (assuming the opinion is that Colorado, Minny, Vegas and Edmonton are out of reach).
We would be in trouble if we were in the East, because that division is stacked.
I don't think things are nearly as bleak as many do. I think we would still be inside the playoff bubble in pretty much any potential division besides the East and if we weren't we would be just outside it.