Sure, whether it's elite power, elite on base skills, elite pitching or a combination of any elite skills, there is more than one way to win a World Series.
But it's a crapshoot only for the elite teams. Only twice in the last 30 years has a team outside the top ten in spending won the World Series.
So as long as you're willing to pay elite players, regardless of their specific skill set, you get to play this particular game of chance.