Teams Start 300m apart, in a forest, normal morals 1 quiver each, no prep,no help,winner is last man/team standing
I'd say Legolas has an edge due to his naturally keener senses (he can see further and more accurately than Aragorn, whose senses were depicted as amazingly keen). Also his speed may play a part (IIRC, he can move so quick his feet scarcely make imprints in snow.)
I'd give it to Team 2
Which Legolas? Orlando Bloom? Team 1.
Tolken? Team 2
Didnt Orlando Bloom take down an enormous war elephant by himself with nothing but his standard weapons?
That isn't enough to warrant a win against either Hawkeye or Green Arrow. Tolken's Legolas would win because he's similar to Ultimate Hawkeye where he has enhanced senses.