Archery has usability issues in North America but don't expect that to be fixed any time soon or at all since it works as intended and is very powerful in Korea.
If there's one thing that's often overlooked about the Elves is that they have the highest movement speed. There's a reason why people pay hundreds of millions for Grade S Wave Sweepers; the positioning advantage it gives you is huge. With spellwalk for instance they become nigh untouchable magic spammers. Fully decked out Elves are arguably the best magic users in the game. This also applies to Alchemy with the new guard cylinders that reduce load time giving you more opportunities to reposition.
I should also mention that giants 'downside' is no archery. But then there's throwing attack...
Throwing attack loads instantly, fires instantly and cant miss (it TECHNICALLY can... Its happened to me twice in nine years or so...). It has a damage multiplier of 900% and scales with str. All that on a 5 second cooldown (zero on ego). Id hardly call throwing attack a 'downside'.
i left out chains deliberately, even giants can benefit from chains if they do dex centered talents. and your right about the lack of str of course. but i dont use shurikens for damage, shadow binds title is great for dungeons and missions.
also, i'd like to add random info about the metallic arrows you can get from the jousting shop for only 2 points.
they are missing an important fact about you get 10% aim bonus.
(if the enemy running at you, if you have enough distance, you'll get 100% max aim if you wait. but you got to watch for the smoke animation under your feet to make sure you wont miss)
i paired metallic arrows with my spirit bow with ultimate unlocked for it. and i dont need vision as much anymore.
*Conspiracy Theories and Stuff*
something something the personal experience of one is not representative of the entire process. The personal experiences of a crowd also won't be exact, and they'll be more biased given this subject.
Until NA starts giving out exact rates on gacha drops, this is going to be more speculation than anything.