No way man.
If your teammates aren't good enough to score when a defense is over playing one guy to that degree the you won't win regardless of where you put him on the court. Kevin Durant plays from the elbow short wing and the Grizzlies didn't were able to slow him down.
The elbow ins't some panacea unreachable by NBA defenses.
It's harder to double a player if they are 15, 13 feet from the hoop than 27 is basically what i'm saying.