Try to get with someone who knows their stuff and get a bow that fits you as far as length and draw weight. If you can't do that, longer and lighter usually works better. It took me years to decide on a custom bow--until then, I traded on cheap used bows so I could figure out what I liked and what worked for me. Spending more doesn't mean you will shoot better. Get good shooting instruction (Masters of the Barebow III) and develop your shooting style, then later look at a custom bow.
More than likely you shouldn't start out with a draw weight that is good for elk. Don't get hung up on brands, what your buddy shoots, or what 'ol so-and-so shoots on a hunting video--that doesn't mean squat.