Element 3D will limit your animation capabilities.
Doing shapes/distortion inside After effects will limit your 3d capabilites and/or photorealism.
Every option you take will have it’s downsides.
But with c4d you can still do everything in AE… then export your scene to C4d and do the chain there…render it out, and composite it over.
You can have several different workflows and still be able to do it. The easiest/right workflow to choose will depend on your needs and look. (camera moves, reveals of the chain, etc.)