I'm working on combining the contest database with the projections databases (the ones that generate the weekly cheatsheets and the custom top 200 forward). Then I'll be able to rank the teams (very roughly) by their projected future production.
I'm not exactly sure how to account for the differing roster constructions, so it will be a ballpark ranking, but it will be based on up-to-date projections (as soon as those projections are released tonight/tomorrow).
Right now, what I'm thinking is:
1. calculate projected future fantasy points for each player (possibly with the upcoming week receiving extra weight)
2. compute a QB strength for each contestant, something along the lines of:
(best QB projected points) + .6*(second best QB projected points) + .3*(third best QB projected points)
3. compute an RB strength for each contestant similarly. Maybe weights of 1, 1, .75, .5, and .25
4. do the other positions likewise.
5. Add up the positional strength scores to get a total team strength.
As I said, there are a lot of roster-construction nuances that won't be captured by this method, but it should give you a pretty good general idea of
which teams to be scared of,
which teams are hanging by a thread, and where your team stands.