What do you mean by "dynamic GUI"? As opposed to what other kind of GUI?
I'd suggest giving it a try. It's really nice. :)
What I really would like to see is a counter example. Some GUI that just can not be done in Elm.
I'm on the Elm/FRP fence myself but your comment here reeks of turing tarpit:
"Beware of the Turing tar-pit in which everything is possible but nothing of interest is easy."