KTC, you're nuts if you drop out now. You can easily draw just about any coues deer tag with your points, and have a decent chance at an early Kaibab tag. As for elk, there are a lot of units you can draw with your points, just stay away from 9,10, 3A/3C, 23 north.
My son drew an 'average' muzzleloader elk tag when he was 16, and had an awesome hunt on an 'average' unit. You're nuts if you drop out with 8 points.