Light of Foliar Incision is the closest fit on the game's own numbers: Alhaitham's kit multiplies Elemental Mastery, and a weapon is ranked here on whether its ascension stat and its passive act on that stat. Absolution, Xiphos' Moonlight and Mistsplitter Reforged come next. No playtested ranking has been imported for Alhaitham, so this is arithmetic over the kit data rather than a damage measurement.
Run Deepwood Memories on Alhaitham, with A Day Carved From Rising Winds and Blizzard Strayer behind it. Main stats are Elemental Mastery sands, Dendro DMG Bonus goblet, CRIT Rate / CRIT DMG circlet. Roll substats in the order CRIT Rate > CRIT DMG > Elemental Mastery > Energy Recharge.
Talent priority is Normal Attack > Elemental Skill > Elemental Burst. The Elemental Burst costs 70 energy, which is what an Energy Recharge target has to clear.
The strongest team is Alhaitham, Emilie, Xiangling and Bennett, built around Alhaitham: Dendro · Burning.