Now...before you all get all "Conan" on me, rest assured, I think this would be a pretty tough battle.
Elric, when "juiced" by his sword, Stormbringer, has fought Conan style opponents before and has left them crying for their mamas before having their very soul sucked from their bodies.
Conan - What can I say - Born on a battlefield, Conan is the pinnacle of a fighting, barbarian warrior. Cunning as a wolf, this 6 footer can show both finesse in sword play and plain old ferociousness. He's fought warriors, demons, beasts and wizards. He lives for battle and welcomes death on the battlefield. Martially versed in most hand-held weapons, Conan does not stop 'til his opponent lies dead in the dust. His berserker fighting style is tempered by skill.
Elric - Known as the White Wolf, this 428th Emperor of the Dragon Kingdom of Melnibone is a weak, albino prince with a pension for brooding and an almost suicidal outlook on life. That was untill....he swore allegiance to the Chaotic god Arioch and his life turned around enormously. The god granted Elric immense power, providing him with a Black, rune-carved sword, more demon than weapon. Stormbringer, as the sword is known, provides Elric with the strength and energy of all it runs through. While holding it, Elric's martial training is compounded and his melancholy mood permeates his controlled, deadly, savage fighting skill, often terrifying those he encounters before the actual swordplay begins.
Like Conan, Elic of Melnibone has fought Wizard, demon, god, beast and man. He cannot be beaten in traditional manners. Often entering a fray on the back of a steed-sized, flying dragon, it's a pretty grim day when you see him coming.
Elric would be 100% juiced on souls, blood lust and Arioch favor. Conan would be rarin' and ready to go.
Who ya got?