Raipe may not have been an ideal 1C at the time, but he was still a solid emergency option. He had the necessary skills for the job and, while the depth wasn't what it was today, he was among the four best Finnish centermen available to us back then. He didn't make it to all those WHCs and six olympics by accident.
This squad lacks even that option, at least at the moment. There's not a single creature I'd rank in our present top ten. All we can do is cross our fingers and hope that at least one of them would be someone we'd be willing to rank in our top-20 post-tournament. After all, "unproven" is not synonymous to "garbage".
Also, that 1998 squad had Peltonen and Kapanen, who were genuine top shelf players for us, so at the very least it had everything required to build a competitive first unit. It also had young Olli Jokinen, who was already dressing for his second WHC tournament. So while there was little depth, there was no complete void of proven offensive talent. So it's not quite a comparable situation. I know we've pulled off some pretty mean feats with rosters that shouldn't have been competitive, but usually those squads have featured at least one or two guys that have been of the proven quality - our issue's usually been the lack of depth, not the complete absence of proven talent. And the former is way easier to overcome than the latter, as long as those bottom unit picks put on their work gloves and buy into the system.