English would be a good subject, except this is the VCE and it's all about beating the person sitting next to you.
Having said that, if you really enjoy studying English or any of the alternatives (for instance, I really like English Language), it should hopefully be reflected in your score.
As for English being in the top 4, I only agree with it because of the fact that the VCE allows us to do any English, and science-minded people who are proficient at written communication but are not humanities-minded can take up English Language, which is more suited to the science-minded.
The problem with English not being in the top 4 is that people need to be proficient in the use of Standard English in order to go through life. Standards of English are not pleasant; Monash University has recently resorted to conducting courses in simple written expression (namely correct grammar, punctuation and spelling) for first-year university students. The fact the VCE is about competition makes English being in the top 4 a necessity, as competition is the main motivator for one to improve in a subject here. Removing English from the top 4 sends students the wrong message - that profiency in Standard English is not a priority. Weaker English students would not be motivated to improve their written expression during school, and would be hung out to dry once they enter uni and/or the workforce.