Welcome to the board SlipperyP. This would be considered a shallow league, so if you're group are relatively new at baseball, settings are ok, although I'd be tempted to use 3 SP, 2 RP, 2 P. I believe Yahoo sets defaults so you could stick to that (although I think what you have are the defaults)
Keeper League:
F) N.Backstrom, E.Malkin, V.Lecavalier, P.Mueller, A.Mcdonald, B.Boyes, A.Hemsky, S.Horcoff, K.Turris, D.Jeffrey, M.Perreault, C.O'Reilly, S.Upshall, M.Erat, S.Gagne, D.Legwand D) S.Souray, M.Streit, A.Babchuk, T.Gilbert, I.Cole, J.Hillen, M.Methot G) B.Elliott, S.Varlamov, C.Ward, J.Reimer P) N.Kadri, E.Kuznetsov, S.Shirokov, V.Tarasenko, J.Blum, OEL, J.Moore, O.Pavelec