That's why they call it the 'elite' level. Other than the 5 stat points and 1 skill point you get, and the crown, it's really just for status. Oh and yes, you get that small head start when 60-61 cap comes out, about 8k XP ahead. IMO, if you don't have the time to rush for it, there's no need to. You'll get there eventually anyway if you keep playing. On the other hand, if you like to race, by all means go for it