Spiro curves were supposed to solve it but I am surprised to read here that even spiro fails to approximate elastica. Have you mapped where the limitations are?
For information, I am drawing boat hulls, and elastica would model the natural bend of wood/plywood/metal much better than bezier... Amateur naval designers really lack good tools to bridge the gap between ideal hydrodynamic forms and ease of construction, and there are still a lot of tiny but annoying adjustments when one planks the first hull.