Based on current playing level, I say not even close.
If we were to consider each player in their prime, I'm not sure it is fair. The reason I don't think it is fair is that we often don't remember that some other teams had some amazing players who were in their prime. Look at the Lakers with Payton and Malone. Take the best years of Payton, Malone, Shaq, and Kobe, and we are talking about ridiculous talent.
Considering every round of the playoffs, there is a lot to consider.
How many hall of fame level players are we talking about? Lebron, Shaq, KG, Pierce, and probably Ray Allen. Compare that to Bird, Mchale, Parish, Walton, Magic, Alcindor, Worthy and DJ/McAdoo. The 85/87 matchups had 6 of those hall of fame players in both who are playing at all star levels in those actual seasons.