It would be useful to stick a banner in there. I can drop the mirkwood guard upgrade on the wood elves with throwing daggers, saves me enough points to buy a high elf with banner.

I'll stick with Erestor and the Captain for now, since I have those models. I'll have to pick up Elladan and Elrohir eventually.

Warband 1:
Thranduil
4 Wood Elf Warriors w/Elven Blades, Throwing daggers
4 Wood Elf Warriors w/Spears, Throwing Daggers
4 Mirkwood Guard w/Elf Bows
Warband 2:
Legolas w/ Armor
4 Wood Elf Warriors w/Elven Blades, Throwing daggers
4 Wood Elf Warriors w/Spears, Throwing Daggers
4 Mirkwood Guard w/Elf Bows
Warband 3:
High Elf Captain w/ Shield
9 High Elf Warriors w/ Elven Blades
3 High Elf Warriors w/ Bows
Warband 4:
Erestor
1 High Elf Warrior w/Banner

750pts