I still would like to see a nature monk. They would have the same power, abilities and skills, just be of a different perspective. And I think that the mud as a whole needs characters with different perspectives (RP wise). Neutral monks could be done.
Different races are another issue. The PK balance would shift a bit, but honestly how much? An elf monk would be able to make 500 mana beads a few ranks sooner. At 50 that makes no difference, and with the right eq. any monk can make 500 mana beads very early. Humans are more strength dependant, elves are more dex dependant. In terms of a monk, it would sacrifice offence for defence, and still have lower hp. I think that elves are a good choice to go into monks.