This video shows one of the reason I dislike the elves, especially their settler.
It's easy to think "well, the additional cost and build time are made up for in the movement speed." But it just isn't so. Your first settler, for example, would have built the city on the same spot, on the same turn, if it was one from another race. But you still paid 25 gold in addition.
Even more so, it isn't just a single turn build difference, it's a single turn PER settler.
So if you crank out 5 settlers, that 5th settler is done on turn 15. For each other race, that 5th settler is done on turn 10. Meaning that it gets a truly massive headstart in getting to its destination. And unless you are building somewhere truly distant, it's unlikely you'll recoup that. Even more so, in that same 15 turns, another race could probably have 2 other combat units out. And will have spent 125 less gold on settlers. Thats a free elven archer right there.