I share Little Inch's reservations about the access to the large flange nuts and bolts for removal (of the bolts/studs) and torqueing of the nuts. (Add access and torqueing of the small flange nuts and fasteners too.) To resolve assembly and maintenance concerns, move the fitting out towards the curve of the large elbow.
Weight and load of the "smaller" piping and its flanges needs to be specifically addressed and calculated for the weld itself around the bottom of the elbowlet, AND for the added weight and loads on the elbow and pipe assembly and its pipe supports as a whole. NOT guessed at or washed over. Might be okay, either might be a trouble spot. Too close to margins to just assume.
Elbowlet? No, not here for this application. Those are shaped to go into the extrados "outer curved side" of an elbow to "poke a hole into the pipe" that will be "aimed" at the axial centerline of the inlet or exiting pipe attached to a 90 degree elbow. Here, the weldolet is "aimed down" into the radial axis of the elbow.