If you want to use Python scripting with ELinks add
--with-python to the configure invocation copy hooks.py to ~/.elinks
When your Python installation is your own build, you could give prefix
to the configure, eg.
--with-python=/usr/local when Python binary is placed in /usr/local/bin, etc.

When 'configure' cannot find -lpython make symbolic link to the appropriate
library, eg.
# cd /usr/local/lib
# ln -s libpython2.4.so.1.0 libpython.so

For the present hooks.py is not very usable. You are welcome to make it better.
Good Luck!