Oh My God The Power:
1 Superman - JLA
2 Power Girl - JSA
3 Valor - L.E.G.I.O.N.
4 Laurel Gand - LSH
5 Superboy - Teen Titans
6 Gladiator - Imperial Guard
7 Captain Marvel - the Marvel Family
(Added thought…Everyone other than Superman is either a derivative of him, argued to be a derivative of him, or a derivative of a derivative of him…)
Behold the glory of
Team Boo-Tay!
[ol]
[li]Wonder Woman–pioneering comics boo-tay from JLA[/li][li]She-Hulk: Green boo-tay from FF[/li][li]Storm: Mutant boo-tay, from X-men[/li][li]Wasp: boo-tay for the folks who like short girls --Avengers[/li][li]Power Girl–boo-tay in a nifty blouse–JSA[/li][li]Starfire–from Titans–Alien Little Orphan Annie boo-tay[/li][li]Elasti-Girl/Mrs. Incredible–from the Family Incredible–MILF boo-tay, likely admired by Sir Mix-A-Lot.[/li][/ol]
This team has…talent. 
Team: Dysfunctional!
Black Lightning
Captain Nazi
Moonstone
Graviton
Venom
Tempest
Captain America (Just to see him deal with their various problems)
One suggestion - Ditch Superboy, take Hyperion (Squadron Supreme).
Hmm…
I dunno, if I was gonna switch someone out for Hype, I think I’d rather drop Billy and keep the list to admitted Superman derivatives…
Hype’s a little more powerful than Conner, but the Kid’s getting up there with the others. Just got his vision powers and all…
J’onn J’onzz, the Martian Manhunter (JLA)
Captain America (Avengers)
Silver Surfer (Defenders)
Hercules (Champions)
Brainiac 5 (Legion of Super Heroes)
Polaris (X-Men)
Raven (Teen Titans)
Aliens, gods, brains, brawn and beauty. Too many leaders, though. Then again, it might end up reading like the current LSH, and that’s a good thing.