It would slacken the head angle about 1 degree, and depending on the frame size, you might start to risk the top tube, downtube and headtube joints. The smaller frames where the top tube and downtube are mitered and welded together before they meet the HT could likely take the extra leverage better than the 19" and 20.5" where those tubes have a space between them where they meet the head tube.
I ride an Element 10. It's a great every day trail bike. If your riding style isn't strictly bombing down hill, the bike will suit you well. My favorite trail has about a 1100 ft climb then a good downhill stretch. The bike handles it great. I wouldn't hesitate at all to buy an Element for an every day trail bike.
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