I have an elite (well actually two), and a game day. I honestly hate wearing my game day cus the quality just can't compare to the elite. BUT I didn't want to buy the grey jersey in anything higher than gameday because I like to wear colors that the team is wearing that Sunday and grey gets worn the least.
Anyway, for me $250 isn't a killer for an elite jersey because I am a STH, so I wear it to all the games. I wear it every blue friday. and I wear it a lot just going out. I definitely got my money's worth out of the jersey.
I do plan to buy a limited for my white jersey though. As there's nothing wrong with those. IMO the limited are definitely the best bang for your buck. It's only $40 more than the game day but you get stitching and some cool technical stuff on it. And it's a $100 cheaper than the elite which is only cut a little bit different, slightly bigger numbers, and has the technical fabric all around (but is that worth $115 more..absolutely not).
Anyway, if you can afford the Elite, and will get your money's worth out of it. I'd say it's worth it. Just make sure you get a jersey you can wear for a long time, maybe someone you think will retire with the hawks (or hope will) like Lynch, Wilson has obviously a bright future assuming his rookie year wasn't a fluke, or of course 12th man you can wear for all time until they change the jersey again, which isn't allowed for another 4 years I believe.
If you see yourself regretting the Elite by buying the limited, just pony up. If you just want a jersey with stitched names and numbers, and rather spend that $115 on something else (like a nice pair of jeans to go with your jersey)...lol nothing wrong with that either.
p.s. I love wearing my Elite, the fabric and extra quality on it although not worth the money from a manufacturing standpoint, just feels nice. The fact that Elites cost $115 more than the limited does prevent a lot of people from buying them, which in a way makes your jersey more rare...which for me is a nice feeling from a stuck up point of view

especially when I'm in the office and all the band wagon fans are wearing their game days jerseys. Just being honest.