I know this is EXTREMELY late, but I thought I could throw a few things out there.
#1. What model PSE Nova is this?
Is it the single cam nova, or the older "round wheel" type dual cam nova?
The older is a bit slower than the newer.
#2. What is your draw length?
IBO testing is done at 30" draw length...it seems most shooters are shooting closer to 28" of draw length.
For every inch you decrease draw length you're going to lose in the neighborhood of 10-14fps. So if you're shooting at a 28" draw, you can immediatly expect your arrow speeds to be down to 240 from the established IBO speed of 265.
#3. Draw weight
As established above, IBO speeds are tested at 70lbs.
Are you shooting at 70lbs? A 70lb bow typically has 10-15lbs of adjustment. If it isn't maxed out, you aren't shooting at 70lbs. Also, when you shorten your draw length an inch you typically lose about 2lbs of draw weight. These 2lbs can sometimes by made up my tightening the limbs, but sometimes cannot without changing string or cable length.
Every 1lb of draw weight is good for about 1.75fps change in arrow speed.
#4. Arrow weight!
IBO testing is done with a 350gr arrow.
The "average" carbon arrow is going to weight 285-300grs at a typical 29-30" length...this does NOT include the tip...which in your case is adding another 125grains. If this is the case, your arrows likely weight over 425grains.
You're shooting an arrow that is ~20% heavier than the arrows used in IBO testing...so subtract that much more speed!
Last but not least, most IBO testing is done by the manufacturer...in their facilities...with their people!
--They usually test their bows in a machine rest--you will lost a small amount of energy while holding the bow simple because of body mechanics.
--They sometimes test with bare shafts--no fletching to drag speeds lower.
--They usually test from the "hard wall." This means they draw beyond the "valley" of the let-off, which usually means they pick up at extra few FPS from a slightly longer powerstroke.
--They test the bow with a bare string--no nock point, no peep sight, no dampeners/leeches. Everything you add will slow down your arrow speed.
--Last but not least, they also test the bow a zillion times, and only report the "best" test rather than the average numbers.
FOR THE RECORD
I believe statistics show that somewhere in the neighborhood of 35 ft/lbs of kinetic energy is all that is required to make a pass-thru shot on a typical deer. IIRC, the numbers for elk were in the neighborhood of 46-50ft/lbs. I used to shoot an old PSE Nova (60lb, 27" draw) that sent my 530gr aluminum arrows a little under 200fps...and was still getting pass-throughs on deer at 40+yds.
You have plenty of bow for elk--keep your shots true and don't take unnecessary risks.
Best of luck! Our elk season is already underway, as I imagine yours is as well!