[PvK]

An example of using Elf Bane (Dominions I, but same deal):

I was Vanheim against many AI's, and had been beaten back to one or two provinces from a very large empire, especially because my major field armies were devastated by a sudden attack of many seasonal spirits (like 20 Spring Hawks in one, and 30 Summer Lions in another).

So my Allfather and a hero equipped up with various magic items and each carrying an Elf Bane. The two of them single-handedly wiped out the 30 Summer Lions in one battle.

I don't think Elf Bane needs splash damage. Just give it to someone sufficiently formidable to stay alive and keep swinging. It's not a bad weapon compared to other cheap magic items, either (12 armor-piercing damage is good).

PvK