Looking to try something different this year. I play in a 5x5 Roto keeper league, standard categories, auction format. We have no IP limit but we do have a GS limit, and daily pickups are permitted.
Starting pitchers generally go for between $10 and $20 ($260 budget) and closers go for the same, with aces going for slightly higher. MR's rarely go for more than $1. Daily unlimited pickups, and closers are almost always gone during the season within 30 minutes of a news report of injury or closer change, so it's difficult to assume you'll be able to grab anyone off the waiver wire after the draft. I also noticed last year that streaming pitchers was fairly effective, as most people didn't carry extra pitchers so there was usually decent options available, and it was much easier to find a good starter on the wire than any other category.
This year I'm thinking I can get an advantage by drafting just one or two high K starters, 3 closers (preferably low ERA/WHIP guys) and fill in the rest with strong setup guys with good ratios, good K/9 and a chance to close later in the season. Since there is no IP limit, I'll get "free" Ks and a few Ws using my MR's which don't count against my GS total, and hopefully get out in front in WHIP and ERA. I can look for good streaming opportunities as the season goes on and only stream when the matchup looks particularly good.
I'll be low in Ws, middle in Ks, near the top in the other pitching categories, but drafting a bunch of $1 MRs instead of $5-$10 starters will give me extra cash for hitting, and I will have a cushion of GS to add starters later in the season through trades or if a good starter comes on the waiver wire (ala De La Rosa or Jaime Garcia last year).