In The Silmarillion, Finwë is my favorite Elf (d'oh!) with Fëanor coming in a very close second.
Between Gil-galad and Elrond, I'd say that Gil-galad was the "better" Elf, but it depends on your definition of "better." Do you mean "mightier, wiser, etc." A little clarification would be in due order.
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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