I don't have a clear enough idea of the way I myself think about counterfactuals to compare. Pearl's counterfactuals are philosophically unenlightening, they stop at explicit definitions, and I still haven't systematically read Drescher's book, only select passages.
The idea I use is that any counterfactual/event is a logically defined set (of possible worlds), equipped with necessary structures that allow reasoning about it or its subevents. The definition implies certain properties, such as its expected utility, the outcome, in a logically non-transparent way, and we can use these definitions to reason about dependence of outcome (expected utility, probability, etc.) on action-definition, query-replies, etc., through ambient control.
Consider the following thought experiment ("Counterfactual Calculation"):
Should you write "even" on the counterfactual test sheet, given that you're 99% sure that the answer is "even"?
This thought experiment contrasts "logical knowledge" (the usual kind) and "observational knowledge" (what you get when you look at a calculator display). The kind of knowledge you obtain by observing things is not like the kind of knowledge you obtain by thinking yourself. What is the difference (if there actually is a difference)? Why does observational knowledge work in your own possible worlds, but not in counterfactuals? How much of logical knowledge is like observational knowledge, and what are the conditions of its applicability? Can things that we consider "logical knowledge" fail to apply to some counterfactuals?
(Updateless analysis would say "observational knowledge is not knowledge" or that it's knowledge only in the sense that you should bet a certain way. This doesn't analyze the intuition of knowing the result after looking at a calculator display. There is a very salient sense in which the result becomes known, and the purpose of this thought experiment is to explore some of counterintuitive properties of such knowledge.)