They don’t work the same way.
“More human than human.
That’s a dwarf.”

“They’re allowed to make bigger mistakes.
They’re allowed to be stubborn.
They’re allowed to do anything.”
There’s a kind of catharsis at work here, he said.
“There’s everything about it, from drunkenness to a very noble hubris.
It’s all there.
It’d be like ‘What’s going on with them?’
Whereas with dwarves, you’re like ‘Nah, I know what’s going on.'”
“Adams said later in the chat.
“It feels right, even when it goes wrong, that they have that sense of devotion.
It doesn’t work for anything else quite the same way.”
I can imagine this partly because elves already exist in Dwarf Fortress.
There are the tree settlements and fey naturalism of wood elves in various stories.
There’s the association of elves with forbidden scholarship, demon flirtations, and so on.
I wouldn’t wish that on them.
But given the magnitude of their accomplishment with Dwarf Fortress, I’d be fascinated to see them try.