I "raise" new landscape trees all the time. A poorly planted tree gets sunscalded, half the bark dies, and the tree is scarred for life. It begins to grow "water sprouts", but the main trunk continues to die off.
I cut off the trunk and leave the best, strongest sprout to become a new tree. With careful pruning, it may grow faster than a newly transplanted sapling. In the case of an ash tree, my understanding is that EAB doesn't afflict saplings too much. There isn't much cambium to tunnel in, the bark doesn't offer much protection, and the shoots are more vigorously growing, so the larvae are a bit more likely to be drowned by the host tree. This is the case, I believe, with pretty much all borers.