I would agree with that time does fester the wound...However I think what Tolkien had made aim to do in his writings was to make the elves to seem real, as real are you and me. He also wanted to indicate there is little difference between an elf and a man. If you take away their bondage to the earth, they would be as human as you and me.
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Mes sana in corpec sano- (lt.) A sound mind in a sound body
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