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So I am working on a Pugilist.
I couldn't decide on the race so I rolled a Roegadyn, and a Lalafell.
Got them both to level 15.
Both have the same armor, and both are in the same part of their quest line.
Hit points for each are as follows...
Roegadyn: 313 (vitality: 55)
Lalafell: 257 (vitality: 48)
A difference of 56 hit points is a pretty large gap at level 15. I would assume it continues to get worse the higher levels you go, but i'm not sure. I also wonder about the damage decrease of the Lalafell.
...maybe I'm reading too much into these numbers.