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They are neutral, so it's hard to say about their stats. A hero simply won't have a large number of them, and even if they do, whether they will be overpowered or not is not particularly important. In a very large quantity, they can only be found on heroes or, I don't remember, on the last difficulty level. I have no other comments; we just need to test them in the game.
Added 4 minutes later
Regarding the guards, I think the elite version should have increased damage, since an axe hits harder than a sword, and either reduce its initiative by 1 or, instead of upgrading it, increase it by 1 (but in principle, 8 or 9 initiative without buffs like prayer doesn't really matter).