According to the FE7 tier list, Eliwood is better than Lyn. After all, he has superior defense, str, movement after better weapons and so on... All Lyn has on him is spd and luc. And skill, but not enough to make a difference.
Hector is top tier, and both Lyn and Eliwood are high tier.
I don't see Eliwood getting in, but seriously, with the Durandal his range wouldn't be better than Ikes, due to Ragnell being very long, and Ike being much larger.
And I support Hector. Just don't bash Eliwood, dislike him if you want, but don't bash him.