All elven races have bad overall starting stats, not the easiest races to pick if you're new to p99 and will probably have the hardest time. Having said that ... if you play your warrior long enough and make friends and social_contacts ... any race will find plenty of success.
Levels > gear > sill racial arguments.
If you like the way you look, you'll be more likely to keep playing and find success. Most of the minor perks in the long run are meaningless. Sneak can never be overstated though ... so races with racial sneak will always have this perk. It's good for banking/selling/questing/pulling, but for warrior-ly duties, its still not a game breaker.
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