Statistically, most minmaxers I've come across in D20 use wood elves if they're available as an option - +2 to Strength is considered a better deal than avoiding a -2 to Con.
The real distinction is possibly one of fluff - wood elves are generally still fairly civilised despite their focus on living in forests, while wild elves tend to be more barbaric. So what I'd probably actually advise is having the wood elves be archers, while wild elves eschew sword-and-board tactics entirely for something, well, wilder - such as dual-wielding, hefting two-handed weapons, or even a tribal-hunter spear-and-shield setup.