Interesting concept. I'll bite. (Anything to get more debate going).
Goalies:
1) Hall
2) Hasek
3) Dryden
Note: No legitimate drop-off here. As good as it gets. I do have concerns about Hasek being compatible as a back-up. Sorry, Nalyd, but Hasek's attitude wasn't always his strong suit. Went with Dryden because nobody had a better eight-year run than Dryden. Individual awards + Cups = best run ever.
Defencemen:
Coffey-B. Park
Lidstrom-Fetisov
Horton-Chelios
Pilote
Notes: I have Fetisov and Chelios ahead of Coffey, but Coffey and Park get the nod for the top pairing due to offensive upside. Chelios and Horton were double-tough and incredibly difficult to play against. Pilote is ridiculously underrated - viewed as a transitional Norris winner between Harvey and Orr. He had terrific skill and a mean streak. An all-star eight straight years. No weaknesses among the second and third pairings.
Forwards:
Kharlamov-Morenz-Jagr
D. Moore-Esposito-Cook
Bucyk-Apps-Geoffrion
Gainey-Trottier-C. Conacher
Schmidt
Notes: The first line would have incredible speed and skill. Might have to break them up and put a gunner like Espo on the line. You really start to notice the decline in talent on the left side. Kharlamov's a legend, and Moore had an incredible peak, but there is a drop-off to Bucyk, who set position scoring records based on longevity. Gainey offers little offensive upside from the fourth line. I'd take Trottier ahead of Apps, but Apps moves up based on offensive upside. A lot of new fans will be upset to see Yzerman left off. But there are only so many centre spots to go around. Same thing for Sakic, M. Bentley and H. Richard. (Geez, I've already got the centres locked up for the No. 3 team). One name you won't see on my No. 2 or even No. 3 team: Marcel Dionne. Hockey's biggest choke artist.