I’d challenge anyone to join my league and manipulate your team to get a top pick.
no one is saying one system is perfect vs another, and it’s obviously subjective, but I think you can absolutely talk to the benefits of one vs another. If you are fine with 12 teams winning 40 games because Greg Maddux and Barry bonds are rookies, then continue playing lottery leagues. You’re also gonna see a lot of questionable managing decisions and it’s up to you and your league if you’re gonna go down the “they’re tanking/cheating” discussions. I’d rather have teams that should win 50-60 games do everything they can to try to win 60-70 in order to get bonds/Maddux.
Are there flaws in the formula? Sure. You can’t just phone it in, you’ve gotta actively manage your teams and you’ve gotta pay attention to guys in the draft that may otherwise be overlooked. (As an example, in 1974 having Joe Torre may be better than having Jim Wynn as the value/$ may benefit Torre). I believe the passion of the owners in the league are greater in formula leagues (not just mine, but in others I’ve been in) because of the choices you need to make. You can’t just draft 2000 innings and 8000 PA without considering the consequences (we do have an owner who does that, but understands that their picks will be hurt because of the depth they keep).
all formulas are different too, so don’t join one and make a judgment on all. The J4M formula is much more in-depth and takes strength of schedule, avg salary for all 162 games (any trades are reflected on the formula immediately). Others just take wins/salary. All have benefits and disadvantages.