The first couple of times I created a character, I just went down through the option list in order. However, playing around with character creation again this afternoon, I found that the "Facial Features" options are dependent on which "Face" you choose. Pick a different face, and you get different facial features available to choose. I have not seen a game do it this way before. In other games I've played the facial features have been independent of which "face" you pick.
Unfortunately, there still wasn't a beard I liked across any of the different races, clans, or faces. The best was probably a Roegadyn Hellsguard, but I normally don't like the large races. If I was only going to play a warrior, I would go for it, but I plan to try other jobs as well and I just can't see myself as a giant black mage. On the other hand, while I wouldn't mind being a Lalafell for any of the classes/jobs I want to play, I just don't really care for any of their facial hair.