It depends on the position. Usually I have a minimum OVR rating that I'm looking for, which can start in the high 60s. Once that is done, I try to judge based both on the position and what type of player I am trying to groom.
For example, my defensive requirements for 1B are really low, usually in the low to mid 30s. But if the player isn't 70+ in at least two other key tool areas(power, contact, speed, etc) I wouldn't consider them ready for the show.
Meanwhile my defensive requirements for my shortstops are quite high. I'm looking for 3 of the 4 defensive categories to be 70+, plus at LEAST 50 speed which helps with range. A player would have to have either exceptional offensive ratings or show defensive capabilities well beyond his ratings in spring training in order for me to overlook low defensive stats at SS.
The key decision process however isn't whether a player is going to make the show. Once a player has made it on to my 40 man they have a shot at making it, all I care about is on field performance, ratings kind of go out the window. It's more a judgement of where I think they will be and how rapidly they are progressing, if I should take the risk and add them or dump/trade them for better assets or a rental player. Some of that is looking at the ratings and their age, but a lot of it is gut.
Edit: Keep in mind that I play an AL team, so a player can be a defensive nightmare and still play as a DH. I almost always try to field a good defensive team.
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