I play a darkelf thief style character on master difficulty.
Light armor, archery, sneak. No spells. No companions.
Dual swords as backup because the dagger combat wasnt my taste. Although I rarely use them anymore. Archery is at 85 now, onehanded and lightarmor both at about 40-50 because I rarely get engaged in closerange anymore.
The early game and the first dragons were a challenge though. Lots of potions. The fire ones were doable solo due to the darkelf resistance.
The frost ones...not so much. I simply didnt fight them unless they attacked a town in which case I wasnt alone.
After a certain level they were doable too. I equip some frost-resistance gear I set aside especially for this, pack a few resistance potions, climb that mountain and get myself a new shout no problem.
My first character was a 2handed nord warrior type on normal difficulty who could solo any dragon at about lvl 15 with no problems at all. I quit that character a few lvls later. Too OP
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Ok anyway. Pure archer+sneak is a bit rough in the beginning. The x3 sneak attack dmg and the 50% bow stagger perk makes it all go a lot smother then.