I think it really depends. If everyone is picking bats early on, then I would consider taking a few pitchers who really should not be still on the draft board.
In a 10 team league I just drafted, the best available hitters in the 4th round were: Wells, Mauer, Atkins, Aram types so I took Peavy with my pick for instance... I already had Ortiz, Wright and Bay. Then I took CC with my 8th and Cain with my 10th which what I wanted. 3 SPs with my top 10 picks.
"Think of how stupid the average person is, and realize half of them are stupider than that." ~George Carlin