This is a photo of a grouping I shot yesterday at 60 yards with my z7. Obviously I was proud because I took the pic, but I USUALLY put 3 arrows in a fist size group at 60 yards. The reason I wouldn't shoot a deer from 60 is the holes you see in the target that are both to the right of my grouping in the guts. With one tiny torque of the bow thats where my arrows hit. Too much can go wrong from that distance IMO, so I keep my shots to under 50 yards, which is still a poke on a live animal.
Elk? I would shoot from 60 but their vitals are much bigger than a whitetails are.