I shot a buffalo with a 70# at 25 inch draw bow,, 800 grain arrow,, the arrow went all the way through,,
now that being said,,that was along time ago and the bow was slow by todays standards,,and had a heavy b50 string,, so what I learned from that, is,, that a well made 55#,, would shoot that same arrow the same speed,,,as my old slow bow,,
so if you make a good 55 to 60 # bow that shoots ,, 165 to 170 fps 10 gpp,, you would be good for elk,,
Im not saying a lighter bow would not work,, just saying in that range should do the job,,