No, Holland's drafting out of NA in particular was always lackluster. The biggest difference is that Yzerman leans more heavily on Hakan for draft picks in the first two rounds.
2019: Seider, AlJo
2020: Ray, Wallinder
2021: Ed - the rest of the prime picks were all out of NA
2022: Kasper, Buchelnikov
2023: ASP - the rest of the prime picks were all out of NA
2024: MBN - the rest of the prime picks were all out of NA
So when Hakan gets 2+ picks in the first 2 rounds, they generally turn out to be prime prospects. Of all the guys drafted out of Europe in the first two rounds since Yzerman took over, only Neiderbach and Tuomisto are guys who aren't tracking to be quality NHL'ers and Tuomisto was a Wright guy.
Here are Holland's top 2 round draft picks out of NA. Guys who have played 500+ NHL games are in bold.
2018: Zadina, Veleno, McIsaac (Berggren the lone Euro looks to get a roster spot)
2017: Rasmussen (300 NHL games, bottom 6 forward)
2016: Cholo, Givani Smith (Hronek who will hit 500 was drafted out of Europe)
2015: Svechnikov
2014: Larkin (Holland's one home run hit out of NA)
2013: Mantha, Bertuzzi (both journeymen), Nastasiuk
2012: Frk
2011: Jurco, Ouellet, Sproul
2010: Sheahan, (Jarnkrok who will hit 700 was drafted out of Europe)
2009: Ferraro
2008: McCollum
2007: Brendan Smith
2006: Emmerton, Matthias
2005: Kindl, Abdelkader
This is what you describe as 'totally fine to good'? Rasmussen is the only guy since Larkin out of NA who has a shot at 500 NHL games played. That's 7 straight 2nd round or better draft picks who busted out of the biggest talent pool in the world.
Thankfully we have a GM who understands who his best scouts are and leans heavily on them. Our NA scouting has been truly awful for nearly 20 years.