I think NHL-E is useful as long as people keep it in perspective. Even though the output is an exact number, it's still a pretty abstract concept and doesn't take into consideration a myriad of other factors that effect players in real life transition from one league to another.
If you think of the output more as a rating than an actual "equivalence", then it makes a lot more sense. I'm not talking about this thread in particular, but I'm not a fan when people hinge their argument's on it. It's kind of like using +/- to judge a player. It's one of those stats that has it's use only when kept within context.
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