Agree with
@miker , that trunk is too nice to chop. A 3 year "vacation" in a grow out or training box would be my choice. I would move it to a container that holds at least 3 times the volume of the current pot. This container should be almost as shallow as current pot, you want roots to spread, not go down. Water, fertilizer, sun, grow crazy with no pruning. After tree has doubled or more it's volume of foliage, probably 2 or 3 years, prune back to the original branches, bring it back to original size. That should trigger back budding. Once the new branches have had a year or two to develop, back to a bonsai pot it should go.
Other alternative is thread grafting.