Yes.. that is much better IMHO. I understand about the bevel... it really depends on the map and how you plan to use it. For something like this which I assume is going to be a partial or full geomorph, using a bevel makes it "impossible" to turn to any orientation and look right. Typically, though, I would us a bevel for structures(castle interior walls) some times and "inner glow"/shadow type thingy other times.

One final thing you might want to think about as you are doing the elevation in future revisions, in order to really sell drastically different elevations on the same map, you would want to go darker on at the base for the one with the most height. In this case, 10/15 is not that big a change enough to warrant it, but one at 10 and one at 30 would(and I would even go to 20 being cause for additional darkening).