I've been playing Dead is Dead with a Arcane Archer (Alteration, Archery, Light Armor, Sneak.) Just Bound Bow, and Detect Life, the latter is a fast leveler for Alteration, for Magic Resistance, and Spell Absorbtion. It's also early warning to avoid ambushes, and make sure you see them first. Unfortunately, it's also magicka intensive, so I haven't spent a single point on Health, or Stamina. With the bow's power, and Deadly Aim, it's pretty much all 1HK, but you aren't tough enough to take many hits, either, so it's a lot like playing on Master, only on adept. So far (level5) I haven't gotten Hit yet, so there's no actual Light Armor experience, I'm pretty much just wearing it. Breton would maximize Magic Resistance, with Spell Absorbtion in case you get screwed on Magicka. And Finally, both spells are free, the bow from Fort Amol, and Detect Life from Treva's Watch.
I went Altmer, to cast the bow at level 1, and for running speed. This character's created for troubleshooting some Mods I'm adding to Whiterun Hold, so she needs to get around as quickly as possible. Alteration for long distance sensing, sneak and conjuration for survival. It's all above ground, so I haven't added Detect Undead yet.