Live draft is so much more fun. It's not that slow (if all are there or put it on autopilot), and it gives you MUCH more control over your lineup.
Plus, pre-ranking is a pain in the
Head to head with weekly lineups is a pretty average level of commitment and is doable with very little or alot of your time, depends on your style. I've been in leagues such as this the last couple seasons and they've been great.