So... This picture is sad... would actually replacing Draft W/ Ranked attract people?

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^this

Of course it would. At the very very very least it will leave things as they are now.

It wouldn't. There are many reasons why most SR players don't take Dom seriously or even hate it, not having ranked is but a single one.
It's not about encouraging people to start playing Dominion any more, it's about changing people's established negative opinion on it which is much harder.

I know a few people who quit Dominion solely because it still doesn't have ranked, and a couple others who say they would be willing to try Dominion if ranked were added.

Being able to track your skill relative to others is a very powerful motivating force, given the competitiveness that is part of the human race.

I know that for a couple of my friends who first introduced me to LoL stopped with dominion altogether once elo became hidden. To me that was a pointless change that didn't accomplish anything outside of losing players and further illegitamizing the mode.

people started to quit playing dom when they removed the dodge penalty from dominion a while ago.
draft died because of this. mostly because premades, dodgers and trolls were abusing it so much that you just couldn't play a game.