I agree with the last post; Wings easily defeat any Dwarf – the Dwarf doesn't even have time to cast his runes.
But the most interesting thing is not that: there is a tactic against a Dwarf who vastly outnumbers the Elf in terms of defense. And the most interesting thing is that we don't even take defense. We simply level up Retribution, Speed Aura, Dark Magic (for example, enchanting arrows with Blindness), and Elven Luck (artifacts – a set of Lionheart's Valor) – and the Dwarf is done for. You can even swap Luck for Defense if the Luck artifacts provide enough. Nothing saves from "Arch-Enemy."
The only chance the Dwarf has against the Elf is to level up Combat Expertise.
Everything you described now has been tried and tested a hundred times, and ultimately has a minimal chance of success against a clumsy Dwarf. There are many other builds and tactics that are much more effective than what you describe, and still, there is no chance of winning against a decent Dwarf who visits the tavern at least once during the game. I repeat, in the late game, Elves have no chance against Dwarfs! Only a rush strategy with Elves will work!
I understand that you will now dispute my arguments, but I will say right away – all this has already been gone through and forgotten (search the forum). The only ones who can stand up to Dwarfs in the late game are Necromancers and the Academy; these are proven facts!