Anyway back to this tree.
I found the comments very interesting. It was about 50-50 as to whether liking the upward growing first branch. I think it was only Mela that commented on the taper.
Lets consider removing the first branch or flattening it out. That would leave a large hole in the design with too much negative space on the right.
Look at replacing the branch where would it go?
90% of the right side is an inside curve. A branch just will not look right above the existing branch in my opinion.
When people ask me what type of music do you like I reply all good music

. I feel the same about Bonsai I am not concerned if it is cookie cutter naturalistic or contrived. Good bonsai is good bonsai.
I don't believe that we must find an example of a real tree to validate a composition. As a movie must make sense so must a bonsai but most movies are still fantasy. I like the thought of controlling nature but it must be pleasing to the eye and that is often best achieved with being believable but not restricted too. As Pup states I think this is what literati shows us.
As stated I have come to like the stature of this design and see no other option other than cutting it back to a stump and starting a new trunk. I would be interested if anyone can come up with actual options though.
I see the line of this first branch very believable of the tree being vibrant filling a space of light on that side. As stated Deciduous can and do grow up without being weighed down for many reasons. I also see branches that replicate the lower branch to make it believable.
Emphasized by retracing the branch and apex lines.
elmv.jpg
I find the taper refreshing in relation to the low ratio, trunk to height that is in fashion at the moment. This sits nicely at almost perfect 6:1
Edit: As Mela said the spring variegation is a very nice cultivar. Variegated does not often work with Bonsai but the speckled effect of the variegation on this tree is very interesting.
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It's too bad your in such a hurry cause the stories I could tell you, Bushels and baskets of stories, hole crates full of stories. But if you can spare a moment I will tell you one story.