It doesn't copy whether that creature is tapped or untapped, whether it has any counters on it or Auras and Equipment attached to it, or any non-copy effects that have changed its power, toughness, types, color, and so on
If your idea of an elf deck is heavily rooted in these denizens of Middle-earth, Galadriel of Lothlrien is the Simic commander for you
Slobad, Goblin Tinkerer: A good way to protect a valuable artifact with the sacrifice of a less valuable artifact
Honorable Mention #4 (#11 Overall) - Coiling Oracle Ah yes, the Snake Elf Druid
Players invest time, money, and a little of their soul into their decks, and they want to feel like they had an impact on the game
The real constraint was a very small card pool ( Limited Edition , Unlimited Edition, and Arabian Nights ), and card availability