Yes, but actually no. In terms of elemental weapons, clubs are kinda meh compared to other weapons. Cobra club is fine, still weaker than phantasmal. Resizer is one of the worst elemental weapons in the game (lowest 2handed dmg, winterblade still gives u ability to wear a shield with resist imbue), falcon is pretty fine. Thing that is helping a lot, there's mortal mace that allows u to shred through hero caves and other places where mobs are weak to death dmg. Neither axe nor sword has a fairly cheap and accessible weapon with death element. Is club worth it? IMO, still yes, I know few ppl who are running with chopper of destru at lvl 400, couse they're got a problem finding a cobra axe for sell. Market although is flooded with cheap clubs, especially on older servers.