I'd advise Ele Resistance for the Graspings and Coldfires, it makes the run easier because it reduces the dmg from Coldfire attacks [wich is around 14 with 15 armor] and the graspings trigger SB much more when ele res is in play.
smites do trigger it but the coldfires are a pain in the butt if you cast spell breaker. they will not hit for enough dmg in that case. a way around the cold fires is to simply use the walls as cover. another thing that you can do as a monk down there is to use the std 55 build with spirit bond as suggested by somebody else on this forum. doin this makes life really really easy. most of the time you will not need healing breeze at all...instead spirit bond will be more then enough to keep you alive.
take the shirt of and take a dragon mask of superior protection (0 armor)
no need for ele resistance then. I just love farming with a dragon mask
i suggest more than 55 hp so you can still be revived by rebirth. 105 should be fine.