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Just a musing, but I think part of what makes it more subjective is that magic/magic users in Middle Earth, well more just magic in most forms, doesn't really follow any clearly defined rules like a lot of supers, science fiction based heroes, or just highly skilled warriors.
Legolas might be an exception, as he's just really skilled at what he does, plus elf powers, but still.

Also, I'm more leaning 6, but I could see some between 6 & 7.

edit: From what I'm seeing at these polls it's really close between 6 & 7, if it stays close, I think 200pts could serve as a solid upper limit on how strong things can get.