Just getting back in to the hobby after a long break, and wanted to know what you guys thought of this 750 point list I came up with.

Rivendell

Warband 1: 220 points

Elladan and Elrohir with Heavy armour
7 High Elf Warrior with Shield

Warband 2: 179 points

Arwen with Elven cloak
9 High Elf Warrior with Elf Bow
2 High Elf Warrior with Shield

Warband 3: 150 points

Erestor
7 High Elf Warrior with Shield

Mirkwood

Warband 1: 200 points

Legolas with Elven cloak
8 Wood Elf Warrior with Wood Elf spear
4 Wood Elf Warrior with Elf bow

Any thoughts or suggestions would be greatly appreciated, thanks in advance!

I would reconsider your choice of heroes in rivendell, you want to make the most of your heroes, and that includes getting the most about of warriors into the number of heroes (warbands) that you have. currently you could have 11 more warriors. its the same as having 3 warbands and then 1 hero and 1 warrior, and having a hero lead 1 dude is not worth it.
so rework the army into either: 4 warbands that have more warriors, or 3 warbands with full warbands and better heroes (or better warriors)