I cannot speak about the Fred Bear Element, as I have not shot one, but I do own a PSE Firestorm Lite. It is 2 inches shorter in axle to axle lenget. As far as speed goes, it is a wash,PSE 300 fps and Element 302 fps. I love my PSE Firestorm Lite. It is a short ATA bow, but it does not seem to be so critical of my form as would be expected with most shortATA bows. It is accurate and fairly light weight. I do not think you would be disappointed with it, but without the reference, I cannot say wheather it is better than, equal to , or not as good as a Fred Bear Element.

Good luck and God Bless.