They should be able to make a "nice square" cut in the fab shop by jigging the elbow and cold cutting it with a band saw or a disk cutter type saw. Of course the end would still have to be prepped for welding.
One thing not mentioned so far is the loss of flexibility. Of course if an elbow has a flange on one end it will lose the flexibility of about 30 degrees from the flange (the flange will cause the elbow to "keep its roundness" under bending and so the additional flexibility of an elbow will be compromised). We have a Note (note 5) and a Figure (Table D300, chart B) that addresses flanged bends in Appendix "D". For example, if you put flanges on both weld lines of a 90 degree, B16.9 elbow you will take away about 2/3 of the "elbow flexibility". Consider a 45 degree elbow with flanges on both weld lines - there is really no "elbow flexibility" left in that (although the typical computer program will still use the Code flexibility factor). So, if you have a 45 degree elbow with no flanges, the matching straight runs of pipe will ovalize (for some distance) under bending but not enough to provide the same flexibility as a 90 degree elbow. A "trimmed" elbow will also "give away" some of the "elbow flexibility" too so what should we tell the computer program? Food for thought.
Regards, John.