Morale is the least of what you want to worry about these days, more like your Primary stats for your class then Vitality, and plus on-top of that, your gear (jewelry and gear) will make up the rest of your HP.
Regardless of what Race you pick, it has no effect on the Morale you have, just a little difference in your Race traits.
Sparky dust around your character? Hmm.. I'm not sure what you are talking about? Hunter run speed boost? *shrug*
Freep: R8 Burglar - Langthain (Retired)
Creeps: R8 Spider - Spidicense (Retired), R8 Warg - Bytez (Retired)