Army 1
Warband 1 9/12
Elladan and Elrohir with Horse; Elf Bow; Heavy armour;
7 Ranger of Arnor
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Warband 2 6/12
Captain of Arnor with Bow;
7 Ranger of Arnor
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Warband 3 0/0
Ranger of the North with Spear; Horse;
----
Warband 4 0/0
Ranger of the North with Spear; Horse;
----
Warband 5 0/0
Ranger of the North with Spear; Horse;
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Warband 6 0/0
Ranger of the North with Spear; Horse;
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Warband 7 0/0
Dúnedain with Spear;
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500pts 22 models 22bows(100% bow limit) 13 might

Army 2
Warband 1 9/12
Gildor Inglorion
1 Noldorin Exile with Elven Blade; Banner;
4 Noldorin Exile with Elf Bow; Elven cloak;
4 Noldorin Exile with Elven cloak; Throwing daggers;
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Warband 2 11/12
High Elf Stormcaller
4 High Elf Warrior with Shield;
4 High Elf Warrior with Shield; Spear;
3 High Elf Warrior with Elf Bow; Elven Blade;
----
Warband 1 0/0
Ranger of the North with Horse;
----
Warband 2 0/0
Ranger of the North with Horse;
----
Warband 3 0/0
Dúnedain
----
500pts 25 models 10bow (+4 throwing weapons) 5 might

I like the look of these two over the others you posted before. The only thing that seems kind of weird to me is the elven cloaks on the wood elves. I could see them on the banner and maybe the archers but I think you'd be better served with another elf or two and some spears instead of all those cloaks.

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"Draw your sword with a heavy heart, but swing it with a heavy hand"