One telling thought about how the Org itself views its various "titles" is the recent recommendation that sisters not even consider a relationship with a brother who is NOT at least a Ministerial Servant!
(cuz we all know that has SO much to do with what makes a good mate....)
I think the term elder has always been loaded of course...with prestige but also...I feel very sorry for elders children.
Yes, there are the stereotypical ones that get away with a lot but the flip side of that is the elders kids are held to a higher standard....talk about pressure to get baptized? When your dad is an elder? Its a given!