Pavan,
Most likely. But, If you are asking for a recommendation... Shoot a bow that shoots 600-700 grains that fast.
I shoot a toelke lynx 61 # @29 that shoots a 655 grain arrow 175 fps tipped with a two blade bh. I have passed through the last three bull elk .... But Barely! Thus my heartfelt words of caution.
Every bull I have seen shot with a trad bow has run off with the arrow still in them. I felt like I had really done something when 3 or 4 seasons ago my arrow was merely protruding mostly on the opposite side! Maybe we just suck?
Here is my concern.... These are all bulls shot with 55# plus bows. We have used everything from 2,3,4 blades, wood ,aluminum and carbon, even a grizzly stick one year. We have shot bear recurves, black widow recurves and long bows, a hill style longbow, Several rf/df custom bows.. Its been iffy enough that one of my partners gave up and went back to his compound.
The point is , we have been working hard at the penetration game. I think people see guys like Fred eichler blow through everything and forget his crazy long draw length packs an extra punch.
Ps.. My set up Zips through deer and antelope like warm butter.... But elk are just plain arrow stoppers in my experience. With all due respect, the guys arguing esoteric mathematics that have not actually killed elk are maybe leading some astray.