Interesting. Now that Hourglass got nerfed, something like this might actually be an option.
A couple of things.
- it needs to be 40 cards. Nice even number. 39 looks weird.
- having 2 elves but no boneyard seems strange.
- you might want to consider taking a second Empathic Bond because if the single on you have now is on the bottom of the deck, you are dead. That would most likely also require getting rid of one elf.
All this is of course just speculation because I haven't actually tested the deck.