Better? quite possibly...
But he's much less "purposeful".
Engvall is a decent player, he's got good speed, a decent stick, a decent PKer, and can help break up plays in the D zone. But, he brings 0 energy and 0 physicality. By all accounts, the Leafs have guys who can kill penalties, and Lafferty & ZAR will help wear down an opposing team much moreso than an Engvall will. At the end of the day, there probably wasn't / isn't room for all 3 of Kerfoot, Engvall and Jarnkrok on this roster.
I'd also caution against the Engvall for Schenn narative, as it's not necessarily that simple.... Engvall makes $2.25m to Schenn's $850k. They needed to create space to bring Murray off LTIR.