Elimination is my favourite competitive mode BUT most of my friends don't like it AND I haven't played much competitive at all recently.
So in short, no, I guess not.
I really like TLOU's version, Survivors, because even when you die, your mic is still active so you can still participate and help out a bit by checking the fixed cameras.
Elimination has never had a huge playerpool, depending on what time you play, you can find players somewhat quickly, but it seems when ever I party up it takes forever too. To be fair though, it's way more fun when you're solo, nothing beats getting all 15 kills.