Well I'm going to have Eldar be a part in my game coming up, and I was thinking about using my limited knowledge of Tolkien's elvish to make the game feel more real. I think it would be cool. The term Eldar is in The Lord of The Rings anyways.
Eldar:Quanya & Sindarin?
Oh and its Quenya sorry about the typo.
It could absolutely work although you might want to take a look at some other Eldar phrases and modify your elvish accordingly. A direct transition between the Middle Earth elves and the Eldar in 40k may or may not work thematically.
Not saying its a bad idea, because it isn't, but just want to give a notice.
To be honest those are good observations. I can get my hands on the Eldar codex prior to the one that jusr came out. Do some brain work. Thanks