Keeping in mind the possibility that the next Veep may not have been elected to office yet (see Richard Nixon, Spiro Agnew and Sarah Palin), or may not have risen to prominence yet (see Paul Ryan).
Hillary's qualifications are impressive enough that she doesn't need to make up for any shortcomings. And she can have her pick of middle-aged to old white guys. I don't think she'd choose a woman, or anyone from New York/ Arkansas.
The long list would include...
Mark Warner- Because of his combination of business/ executive and legislative experience, as well as his help in a crucial swing state.
Tim Kaine- Same reason. He's also slightly younger than Warner.
Charlie Crist- May help in Florida. Will allow Clinton to depict the Republicans as a group of crazy radicals.
Julian Castro- Can excite Latinos and younger voters. Executive of a city with a population greater than New Hampshire.
John Hickenlooper- Swing state Governor.
Martin O'Malley- Does no harm. Currently under Fifty.
Brian Schweitzer- Politically talented.
Jon Tester- Survived two close elections. Appeal to rural white voters.
Gavin Newsom- The most prominent white guy under fifty (in 2016) the Democrats seem to have. Possible Governor of California.
So why are you excluding Gov. Deval Patrick?
I'm not sure I'm excluding Patrick. The long list would be expected to include dozens of people. I just wouldn't rate him as highly as the others.
I also didn't mention Utah Congressman Jim Matheson, Colorado Senator Michael Bennet, possible Virginia Governor Terry Mcauliffe, Ohio Senator Sherrod Brown or possible New Jersey Senator Cory Booker, all of whom have at least a trivial chance of being Hillary's running mate. There just isn't enough space or time to consider everyone.
Deval Patrick is a plausible presidential candidate, so it's possible that he'll do really well in primaries, and impress primary voters/ the Clinton campaign enough to make him the #2.
But there are a few knocks against him...
Massachusetts is not a swing state. And it's not located in a geographically useful place for a presidential campaign. Plus, Deval Patrick didn't even get 50% of the vote in 2010 when he was up for reelection.
Deval Patrick was an early endorser of Obama in in 2008. So Hillary may bear a grudge.
After two terms of the first African-American President, there isn't tremendous benefit to picking an African-American running mate. The bigger milestone had already been reached. It may help with turnout, but any change is likely to be negligible. Hillary would already have the first African-American President as a campaign surrogate. And she will likely have impressed his fans with her service in his administration.
Deval Patrick will be 60 in 2016. So this would be a presidential ticket with a combined age of 128.
As a former Governor, Patrick won't really be able to help in Washington DC. He doesn't really have connections there. It's worth noting that since 1944, 13 out of 15 Democratic Vice-Presidential nominees have been Senators. The exceptions were Sergent Shriver, the Brother-in-Law of a former President (and also of a sitting Senator) who replaced Senator Eagleton, and Congresswoman Geraldine Ferraro.