Albeit as a young lad LCK I was going down the 'Lane (and before) the '48/49 season.
The memory obviously fades over time but I think I'm correct in saying the leagues were only re-formed again in '46 following the war. Notts & Forest were in division three (South) and gates were still relatively low until in '47 we signed Tommy. Don't forget that in those days all footballers were on a maximum wage of £20 per week (more or less) and therefore why move home and family when wages were the same throughout the leagues. I believe Tom moved to us as he was offered other things outside of football to boost his income and get away from possible personal problems he had while at Chelsea.
But to answer your question. Yes it was terrific to see gates rise to 20,000 on a regular basis and see the goals go in but the 2nd division was the highest we achieved. We had some wonderful players but so did other teams and also no team went out to defend in those days. Although the team was good, it would not have compared to the teams of Jimmy and Neil as the whole pattern of the game changed after the way the great Hungarian side of the mid 50's played.
Noting your avatar, I could say the same comparison could be made when Chick and Les et al played for the Panthers. Good though they were I doubt they would have lived with the present day Panthers. I don't think Chick ever played in the NHL and Les never played with the Edmonton Oilers first team. Again I may be wrong but I think the only Panthers player to play in the NHL was Sammy Quong as a one game last minute sub in a Stanley cup game. To sum up, sport moves on and players today in all sports are better than yesteryear but those who remember the old days will never forget how things were at that particular time.