Never got the opportunity to drive an Elan but am certain the Miata, as good as it was, is no Elan in the handling department. For God's sake its a Lotus.
You might be shocked. I've driven Elans hare in San Antonio when I was active in SCCA. While the Elan is much smaller than a Miata (didn't think that was possible till I saw one and drove one), My 2004 MazdaSpeed Miata could actually outcorner the Elan and was slightly better in the skid pad tests. Alas, it's gone now, to make room for my truck...