It just seems to me that outside the top maybe 6 picks that it is totally a crap shoot as far as sucess goes. Not that the top 6 will pan out (Cedrick Benson comes to mind) but they are way closer to a sure thing than later picks. And the top three this year should be solid.
Hmm, so your question has nothing to do with the Dynasty Calculator, but rather about personal perspective about the players involved?Oh and by the way, there have been numerous good rookie picks beyond the Top 6. MJD was about 10-12 in his year, for example.
He did refer to it being a crap shoot which means some players will do well. Same argument has been used on me trying to get me to trade down this year. I like the odds of getting stud early in the draft versus hoping later.
My point is that in any given year, you can make a case that after a certain number of picks, there is a drop in the talent level. Last year was ADP and Calvin and Lynch and then a perceived drop.The Dynasty Calculator is a tool, just like any other. It's a guide and was created (by me) because there wasn't any other guide out there. So I made one. It isn't a hard and fast rule, but at least it gives you something to compare against before you agree or disagree on a trade of draft picks.
why is it that when I change the # of teams, to a larger league, the value of the same picks (8-14 range, not by round) declines? doesn't make sense to me.
I'll take this one. 1.08 in a eight team league is worth less than 1.08 in a sixteen team League.
I agree, but that's not what happens here. When I plug in picks
9 (2.01) and 12 (2.04) in an 8 team league, they come up with
1006 and 811, for 1816 total.
1.03 is only worth 1602, so this tool is telling me the team getting 9 and 12 "wins". However, if I change the teams to
12, picks 9 (1.09) and 12 (1.12) = 1265, while pick 1.03 is worth 1475. 
These are all the same players, and all else equal many players who start in 12 team leagues are benched in 8 (1/3, precisely)
This is a good question, and one of the things I tried to get right was the directions of value for the calculator.I had a conversation with the 2006 version of myself (well, at least I read my thouhst from back then).
From the
Dynasty Calculator Article:
Number of Teams in the League - As the number of teams increases, the value of the picks increase. Again, this passes the sanity check in that you have fewer draft picks and more teams are fighting for talent. Additionally, more players are rostered in the league and thus fewer talented players are available in free agency.
So here we have a subtlety. As the # of teams increases, the value of the picks beyond Pick #1 does go up.Think about that one.
Let's say that both leagues have the same rosters (just pick one) and the same # of starters. I'll pick 9 starters (1-2-3-1-1-1) and 25 roster spots just to make things easy on my math. So as you've said, there are 50% more players rostered in a 12 team league as in an 8 team league (300 vs. 200).
So, the subtlety is not about the picks themselves, but also about the depth of the talent on the waiver wire.
For a rookie to matter, they have to be better than 200 other players to warrant a roster spot in an 8-team league. They can be players 201-300 and still get rostered in a 12-team league. Therefore, you need elite rookie picks more in an 8 team league because you need more high caliber players. That also means that the picks beyond #1 drop off in value much faster in smaller leagues simply because there's not much room on rosters for these players to develop and contribute.
With 12 teams (or more) you have the roster space to let younger guys with potential to both contribute and develop. You wouldn't have kept Tarvaris Jackson in an 8-team league even as you WR2, but you'd certainly hold on to him with 16 teams if you had the roster space. A starting QB is harder to find, just like it is harder to find 36 vs. 24 good WRs.
To boil it down, more rookies are drafted and kept in deeper leagues, which means both bigger rosters and more teams. The later picks have more value because in shallower leagues you don't hold on to rookie projects nearly as much.
I hope that helped to clear it up.