It is really hard to give an opinion when I can only see the top branches. Maybe cutting much lower would be a better option than just playing with the top section. Maybe the lower trunk is already great, but if a buddy is 'passing it on' I guess it is not first class bonsai material?
I'd also need to know what your aims are for this trident - basic mallsai or high quality bonsai with taper and nebari?
A thick trunk is a worthy goal but there's a lot more to a bonsai than a thick trunk. Consider nebari, trunk taper, branch placement, trunk bends for a start. I grow a lot of tridents here and have found that sacrificing a little growth in order to grow a more attractive trunk is well worth the extra year or so - and I'm not really sure early chopping does cost years of development.
Free growth to achieve trunk thickness is usually followed by a massive chop. Most newer growers do not allow for the years after the chop while the new leader develops and the chop heals. then there's more years to develop the branches and ramification.
Early chop will usually give some bends to the developing trunk. It certainly gives trunk taper. Subsequent growth helps heal initial chops. A year or 2 after the above tree was chopped you'll have a trunk of similar thickness but with bends and taper and the final scar is much, much smaller and you can move on to branch development sooner than the free growth model.
Lets start building this trident from the roots up.