Re: DnD 3.5 to HERO 5e Conversion
Yes, that is exactly how HERO works - you pays your points, you gets your abilities.
I'm not seeing the problem. If (as an example) a player spends 34 points on the Elf Package Deal (or Template, in 6e), he gets 34 points worth of Characteristics, Skills, Talents, Perks, and Powers. If he wants to play a human, he can spend those points on other Characteristics, Skills, Talents, Perks, or Powers - including duplicating many (or all, if the GM allows) of the ones on the Elf Package Deal. Or, if the GM thinks it's reasonable, he can play an Elf with a completely different set of Characteristics, Skills, Talents, Perks, or Powers.
In other words, "Elf" is a special effect - what matters is how you spend your points.