Er, I don't think so. There are costume details that IMO would keep this off the top tier, unlike a top custom.
For instance, the Elven cloak COULD have had a print to make it look at least woven like the wool original. I'd have to go digging to see if the movie version had any edge finishing. The binding along the edge of the jacket is proportionally enormous; I don't know why they made it that wide.
And so on, if I want to be picky. From what I've seen it's a credible job, better, not what I'd think of as absolute top tier. But then again, I'm not paying top tier prices, as expensive as this fig is. Down the road, I'll be curious to see if I can do something about the elven cloak, material-wise. Or maybe I'll find out - again - that getting a material that is good enough, and isn't really bulky so it sits on the figure sticking out like an upside down cup, is no easy task. Same for the coat which I wish was leather; but that would have added to the cost as well $$$$$.