What you are does not matter. It is the choices in the game that do matter.
The Racial Differences between the characters only effects game mechanics, not plot or story. Your Gender can have a minor effect on speech and some interactions.
Being an Orc marks you as friendly with Orc settlements that otherwise attacks as you get close. To achieve this with other races you have to do a lot of quests for orcs to increase the disposition. Someone on Reddit wrote that some of these settlements also have merchants etc.