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There is also an unquantifiable component to this, in my opinion. I suspect a 3 star gets drafted high because of actual college production, where a 5 star might get drafted higher than their college production. I don't mean this happens across the board, but it happens.

That breakdown also shows that less than half of the total 5 stars, the supposedly most promising and elite prospects, got drafted in the first 3 rounds.

If based on percentages, you'd also have to factor in the total number of 5 stars available v. 4 stars (and so on) available in any draft. Particularly as there will be fewer 5s than any other group.