Depends on how deep the benches are, but sure you could very much justify taking a late-round flier on Pineda. Not sure if he is guaranteed a rotation spot or not though because I haven't been following him, so you'll have to look into him more.
But no, Mat Latos is not a good comparison to Pineda because Latos struggled his rookie year, then broke out last year (his sophomore campaign). This will be Pineda's first crack at the majors this year.
Like I usually do for young players, I'll look at what ZiPS thinks about him. In this case, 4.12 ERA, 1.34 WHIP, and 7.0 K/9. Not great, but obviously there is a lot of potential that we have no way of knowing when it will blossom, so I'd give him a boost over guys that are projected for similar totals.Where would you rank a pitcher with a 4.00 ERA, 1.30 WHIP, and 8 K/9? That's probably where he should be if he makes the team, and that's pretty significant in AL only leagues, and possibly worth a flier in mixed leagues with lots of reserves.
I really like him. Not only is he a big strong guy with very good stuff in a very good pitchers park but his command is what puts him over the top...he's displayed very good command at every stop of his short career. I'm not really sure why he wouldn't be one of those that don't take right off other than the fact that it just doesn't happen often but from the numbers and data I'm looking at he looks promising to be one of the exceptions.