I've done some work on it and it will now wait untillate winter for the next steps. The first branch on this tree is a back branch of considerable size. Unfortunately, the foliage on this one grows right back toward the tree. I decided to lower the large, older portion of the branch and compress the foliage to embrace the branch.
I protected the old bark with raffia and splines, then wired the branch. The guy wire is fairly heavy copper, probably 12 or 14 gauge. It is anchored by a screw I drove into the dead root. With an assistant holding the tree and twisting the slack out of the guy, I pushed the branch down and toward the left side of the tree.
This is a good looking tree.... it is very odd that the back branch is growing like that, the way it comes back to the trunk. I would think it would be fairly simple to bend back though. Although there will always be a ton of movement right where it transitions from growing away from the trunk. It looks healthy though and I look forward to seeing where this tree goes in the future.