Yeah, I made a sheet like this about a month ago. The data entry isn't fun, but the formulas are not too bad.
Subtracting the mean of a category from the players total then dividing by the standard deviation is all that you have to do. It isn't that tough.
You may want to read an article on standard deviation just so that you understand what you are doing, but excel or a comparable program will do all of the work for you.
Utilizing standard deviation and sufficient data, a .300 hitter should balance with a similar power threat.
I believe that this sort of method is ideal for calibrating player values for rotisserie systems, making roto significantly more difficult to prepare for than points leagues. Just make sure to save enough time and energy to amend your raw data, as the numbers cannot do all of the talking.
If you do not know enough about excel to do this, try getting help from a friend or playing around with the program on your own. Every elite fantasy owner should be able to effortlessly formulate their ranking system with a database or spreadsheet program.
That or know how to contract someone who can do so for them
(I charge $8 an hour).