It would be possible to add unique mechanics for each of the 4 races.
Triton - the ability to breathe underwater and explore flooded caves.
Kor - the ability to climb steep cliffs and heal partners.
Verdan - improved stealth and theft skill.
Vedalken - the ability to collect additional mechanical arms that provide additional action points.
Water Breathing should also be give to Aquatic Elves, if they also become playable
Then moon elves are also needed, like the ancient enemies of the Drow
Moon Elves are already playable in BG3, what do you think High Elves are?,
High Elf race covers both the Sun Elves and the Moon Elves, High Elves is just 2 elven races posing as one singular race.