This is very effective combo. The reason I do not use paralyze is that it's too effective and it makes the game too boring for me.

This^. The acquisition of Chillrend on my first playthrough was a thing of greatness---at first. But soon I realized that unless I was really careless, it ended the competitive phase of the game for me.
But that's just me; I'm basic. I still like Fire. It's effective against the widest variety of enemies and continues to do damage after you hit someone with it.
However, if the OP is looking for the
best weapon enchantment I think someone already covered it: Paralyze + Stamina Absorption = Game Over. Of course one needs to be able to find both of those enchantments and have 100 in enchanting + all the requisite perks. And by the time you'd get there, you probably wouldn't need such a weapon to win battles. This brings to mind the Master Difficulty thread but that's another topic to be discussed in a different place.