My father has the Carbon Elite XLT and really likes this bow. As far as comparing the two, I believe the Carbon Elite was sort of made off of the Stealth frame. They both have the XLT limbs, which makes them really compact, and have a very similar stock if it is not the same. The rail is aluminum on the Stealth and Carbon on the Elite, which helps with the lighter weight on the Elite. I assume the cams are similar, but since the Elite is about 14 fps faster, there is some difference in the cams and strings. I am shooting a Ten Point Titan HLX, so I can't personally say which shoots better, but I would bet they are very similar in accuracy. If money is not an issue I would go with the Elite just for the lighter weight and bit more speed, but I definatly would not hesitate in buy the Stealth if I wanted to save some money, because like you said there is a difference in price. Personally for looks I really like the Bronze Anodized riser, rail, and cams of the Stealth as well.