I have both of your lists at 650, so they're pretty much the same points wise. I'm very torn. I'd be rather afraid of how small your list is.
Polywags list gets a few more models in, which i like, and he has more bows, which I feel like you should want with a Mirkwood force. And Tauriel is a combat beast (she's a prime example of power creep IMO, but that's a topic for elsewhere).
But I like that you have a banner, as it maximizes the Elves ability to win fights, which is critical with your small numbers. I think both forces will not be very forgiving. In that, they need to be played well, with a lot of precision, and mistakes will be magnified, given your small numbers. You'll need to use bowfire effectively, but you probably can't rely on it to win the day for you. You'll need to position troops well, so as not to be overwhelmed by forces with superior numbers. But if you can do that, you will win fights, and you have very strong heroes to carve through enemies.
I think both forces will do reasonably well against smaller, elite-type, hero heavy, or spell caster forces, but are likely to struggle against hordes.
That being said - play it and try it out. Should be fun!
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