Hi Andy,
I really think you need to put your large element at the bottom, horizontally,
That way its fully submergerd, ..and the element heats only the water above... that is a fact , not guess work....
eventually the heat will find its way around , but that will cost you a fortune, unless you have a way of keeping the water moving.
The ideal way to get the best out of an element, is to place it at the bottom and to fill your tank to the level you think you will need for the following day...( i have a 640 ibc , i fill above the element , around 300 litres?
which after 4 hours is
hot.... and comes out of the hose
warm only heat what you think you will need,...
why pay to heat water you will not use ?