If the wire has not been glued in yet, bend the wire.

If the wire has been glued in, try to bend the wire, but make sure you hold the elevator where the wire is glued in. I suggest a couple of pieces of hardwood (or 1/4" regular ply ) be placed over the outside of the elevator halves while twisting to minimize/eliminate breaking the elevator.

Wallowing out the hole should be a last resort as you will weaken the elevator half in that area and as BigTim said, epoxy is heavy and will add tail weight in a hurry.