I say if you miss your pick, you have to wait till the end. I say you miss more then 3 picks, your dropped. Any cards accumulated by that person ..at the end of all drafting should go back into a new pool. Then I think we should do like a bonus round with those cards. First decide a new picking order, and then let who ever is first to start. that person can pick a card previously drafted, or pass. IF...they pick, they must give up a card they chose. Putting it into the pool.. So player two can pick from whats left.
This ensures fairness, and allows each player a Pick of somekind. And allows to keep the draft at 45 cards.
If it were to be determined his cards would be pooled now, then whos ever turn it is when the descision is made has an advantage. If you were going to do that then I would wait till my turn and choose not to pick till a decision is made on the cards giving me first pick at his cards. I think my way gives a sort of random fairness.