I guess at the end of the day it all comes down to personal preference, rather than what's physically possible. Pretty much any size and type of plane can be electric powered these days, but you're right to be confused - choosing the right power set up is an absolute minefield! Selecting a suitable motor, prop, ESC and battery pack isn't quite the same as just matching the right size prop to a glow engine, it's a completely different game.
Fortunately for us there are a few programs and software around, notably MotoCalc at
http://www.motocalc.com - this is the best, and there's a free trial available. You simply put the plane details in one end, and get a number of recommended power set ups out the other!
http://www.rcadvisor.com/guest is another one you could look at.
Price is another thing to think about though - although the running costs of electric are cheaper (ie no fuel, plugs and starting accessories to buy) the initial cost isn't low - a good quality li-po pack, motor and ESC will set you back probably the cost of a glow engine!
On the glow engine note, personally I never like to see a 2 stroke in a model like that, I'd prefer a 4 stroke in there for the realism - that's just my personal preference though

Another factor will be where you're going to fly - if you're flying at a club field then glow is no problem, but if you're restricted to flying in public parks etc, electric has a much lower nuisance factor.
I would suggest that you at least run the numbers through one of the above programs and price up for an electric set up, maybe the total cost is so extortionate that it forces you to go with glow anyway!
