Lost cause. Players of the same class, same level, same stat allocation, and same equipment still have the innate racial differences. It doesn't appear to be possible to overcome it. Case in point: The Dunesfolks Lalafell will be a slightly better caster, and slightly inferior melee as compared to a Plainsfolk Lalafell, with no way to over come it if all factors are equal.
This video breaks it down very nicely:
Edited, Jul 7th 2013 12:41pm by pulazka