The best replacement for elph 300 is 310.

The best alternatives to elph 300 are rated as following:
★★★★★  310
★★  elph 100
★★  520
★★  sx230
★  wx9
★  elph 310
★  sd1400
★  a4000
  100
  elph 500
  sx150

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elph 300
310
elph 100