There are many cultivars of this species, most of which are derived from one subspecies. For bonsai, the differences between the subspecies are probably more important than cultivars. The subspecies in North America are C. c. canadensis, C. c. texensis, and C. c. mexicana. There is also a related western species, C. orbiculata.
In that same sequence, they vary along a continuum: largest leaves, most shade tolerant, least drought tolerant, most cultivars to smallest leaves, most sun tolerant, most drought tolerant, fewest cultivars. Here in North Central Texas, C. c. canadensis and C. c. texensis are both native, with many intergrades. C. c. canadensis grows in semi-shade and moist alluvial soils. C. c. texensis grows in full sun in gravelly, well drained, high pH soils.
As landscape trees their longevity is very dependent on selecting the right subspecies for the site. I have never tried one as bonsai, but my guess is that C. c. texensis or even C. c. mexicana would tolerate bonsai culture better. They also have the advantage of smaller leaves and the ability to bloom all along the trunk and older branches instead of primarily on young twigs. If I ever come across a good candidate, I'll give it a try.