Erud has a slight advantage in naked magic resist if that means anything to you. Dark elf has better night vision (but you get spells for that).
It's kinda a wash otherwise - the humanish races all have stats of about straight 75 - except for int in the two nerd races, which I don't really think matters all that much for most the knights career.
With that budget I'd try squeeze a ceremonial iksar chestplate - it really helps the first 30 levels. The rest you can fill with looted cloth/raw hide/ringmail/bronze as you level and snap up bargains as you see them (something cheap with str like crusty is ideal).
Mace of the Shadowed soul is a cheap starter weapon. If you have high level friends you can try jump down a pit in velks at level 5 to get a Shard of Night.
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Gorgen (Blue) - Agnostic Troll Warrior of the XXXI Dung
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