Not to get into real world politics or religion, because this is a fantasy game. But when Tolkien portrayed Orcs, they weren't about beasts vs humans. Nor were they some underhanded attempt to be racist about about non white ethnicities. Tolkien based Orcs and Goblins on fallen Angels and Demons, and his Elves on Angels of God. That's why they were portrayed as so evil, and Elves as so good.
Elves in Tolkien have nothing to do with angels. The Wizards are angels, Sauron is a fallen angel. And I don’t mean inspired by angels. The Judeo-Christian God exists in Tolkien, though is only just barely mentioned outside of the Silmarillion. So Gandalf is an actual angel of God and Sauron is a lieutenant to Satan.
Tolkien’s elves are personifications of the highest human qualities.
"The Elves represent, as it were, the artistic, aesthetic, and purely scientific aspects of the Humane nature raised to a higher level than is actually seen in Men.” -Tolkien, letter 181
So if orcs represent a subversion, it would be of that. Not angels.