Hi Matt
I think 1/2A size airplanes are one place where electric really shines. The key is that high performance 1/2A engines tend to be a bit fidgety to make run. The small electrics are heavier, but not fatally so. As would be expected, you need to take care about using the correct size components and packaging them correctly.
I did one of the first (& heaviest) 1/2A Pathfinder conversions, at 15.5 oz. Andy Borgogna did his with an eye toward both airframe and component lightening and beat mine by a couple ounces. Later I did a Wee Duper Zilch (about the same size, slightly larger) at 12.8 oz. My small stunters fly great and the engine ALWAYS runs right!
I built mine with simple ESC's & FM-)c throttle compensating timers, current state of the art would be to use a small governing ESC or a KR governing timer to make it perform pretty much just like a full "pro stunt" package. Brodak has a conversion package for small profiles and last I saw, RSM will make electric versions of their kits.
Check the "List your Set-ups" thread for these & other small power airplanes.