I've had a think in the shower. I'm inclined towards continuing as it is, the rules are the same for everybody. I didn't think of the all-rounder shortage issue at the start, and in restrospect this draft would have been more suited to a lesser number of participants where it wouldn't have been that great an issue.
I've done a bit of tinkering with the statsguru filters, and as much as I can gather, lowering the batting average requirement for all-rounders to 17 increases the all-rounder pool by only a few (of which I'd say 8 or 9 would be considered all time draft-level picks), which includes the likes of Warne, Wasim and Marshall.
There can be no complaining about luck playing its part in the draft; that aspect was apparent before we started. Yes, most teams are going to come out horribly deformed; but that's what will make this draft different to most drafts. The overall quality of the teams won't be the greatest either - 21 teams multiplied by 12 players will ensure that. The winner here probably won't be the one with the most well-balanced side, but rather the one who played the odds well, knew whom to pick towards the end, had his share of luck and ended up with the least mangled side - and that's a perfectly acceptable outcome in my opinion.
I'm inclined towards continuing as we are. If the majority of participants want a change, it'll have to be a reboot of the draft, and not something that takes effect mid-way. Either way, the drafting can continue.