Main conclusion:
It seems to me, and practice has shown, that no matter how you develop any elf, a Dwarf will always be stronger, and he will be stronger primarily due to RUNES and his survivability (defense + health), and this is a FACT.
If anyone wants to argue, please do so with full descriptions, arguments, and a REPLAY!
I strongly disagree with this main conclusion. There is balance in this game, and there is balance in a battle between a Dwarf and an Elf. Toughness versus speed and initiative, defense versus attack, runes versus sworn enemies. This is a very incorrect conclusion. Let's play a game, or even several, and post the replay.))
P.S. I see this was written a long time ago; perhaps your point of view has changed with experience.))