in my view, you want to have close internodes all along your trunk so you have options of where branches can easily sprout. Once you have the few cm that you will keep in the eventual trunk, sure, let her rip. But I think it would be better to go slow.
www.evergreengardenworks.com/trunks.htm
I think we all know this page. Wondering why I thought what I thought, I looked it up and read:
"When to Make the Trunk Cuts
Before the leaves emerge, the roots are at maximum storage capacity. If you prune then, all that food is going to look for buds to expand, and the growth will be explosive, coarse, and with long internodes. This is exactly what you want if you are only looking to develop the next section of trunk, the portion between branch 1 and branch 2. This will give you the most rapid development. Identify the new leader quickly and protect it. If you are lucky it will be right at the top of the cut that you made.
If you perform this operation after the leaves have hardened (or sooner), you do it when the roots are depleted. They spent a great deal of food (energy) to produce all those new leaves and shoots. This is not conducive to developing a new leader unless you want a weak one with close internodes"
So, it depends. In this case, I 'd say to do that trunk chop early.