I do like the name and since you could use it as an honoring name, I think it's a nice option. I works well as a mn and a fn. Maybe a bit nicer for a fn, since it can be a little common in the mn spot. I knew an
Elise when I was at school, but it's not a common name here in Australia. I like both versions,
Elise and
Elyse. I think it depends what other name/names it's paired with.