So as I said, unless you're a crazy min-maxer, it's no big deal. (And if you are, It must not be fun playing only elves on your dps characters for that sweet, sweet +25% damage +1 AP.)
It would be nice if some of the other racials were competitive with Flesh Sacrifice, it is the extreme outlier.
FYI, it was nerfed to a 20% damage boost, and is still the passive king.