Interesting idea. It is good that you have not had to remove the elbows in three years, however that is not the point. The point is, as soon as you say that, you will need to get the elbows out. Murphy's Law works that way. You have cut the intake area by 1/2, and that is going to be a restriction and affect the flow capacity, how much I don't want to guess, but think in terms of 1/2" pipe; it has also increased the risk of plugging by an order of magnitude. Since you will not be able to get the elbows out, or even get to them with your hand, without tearing the overflow out, I think you are asking for a problem, if it does plug. It won't flood, but you will still be hosed.
Although I don't see any drawback to reducing the width of the overflow inside the tank, other than already stated, I see absolutely no benefit to it either, in any terms. I would suggest that you follow the guidelines if putting the elbows inside the tank: be able to get your hand in the overflow, and be able to get the elbows out. If you are insistent about this narrow of an overflow, I would suggest you do an internal/external, and put the elbows outside the tank.
*EDIT* well bean covered the capacity issue.