Jim
Yes the power is the same, not thrust. Thrust is a function of rpm and prop diameter/pitch. More diameter and pitch, more thrust. With electrics if you put on a bigger prop, say go from a 6x3 to a 7x3.5, the current draw goes up and the power goes up. The bigger prop should also produce more thrust. The comparison to glow is just a rule of thumb to gauge whether the glow and electric motor are in the same power range. They don't necessarily perform the same. My AX 1806's are equivalent in power to a Cox .02, but the Cox and Ax will make their max power using two very different props and rpm's. When I build an electric plane, the most important parameter I look at is power to weight. My experience indicates that CL needs at least 100 watts/pound for scale operation and more like 150-200 for stunt.
John
P.S. I have changed to 7x3.5 props, just about max for this motor, but not flow the plane yet. The motors turn 11K with this prop. I don't know where a Pee Wee is at max power but I'll bet it is more RPM with a smaller prop.