Originally posted by: IamSpazzy
I think that there are more important criteria for picking the next hokage besides talent and skill.
I think the Hokage said that Orochimaru was the perfect mix of talent, skill, and ambition. And I think the fact that Jiraiya became one of the 3 legendary ninja's despite the fact that he was such a crappy student speaks volumes about his own potential in terms of talent and skill.
I don't think jiraiya would have ever been considered for the role of the leader of a village no matter how powerful he is because he's not much for ambition. all he really wants to do is work on his peeping jitsus and write dirty novels.
So, the 2 other sanins could have been just as/if not more powerful than Orochimaru, but lacked in other citeria that would make them a suitable leader.