Generally for flying I now lean towards EP. Why? Cleaner, planes last longer, you can have tons of power without the weight penalty (compared with GP that is). With EP you can configure what sort of power & prop options you like (just adjust the gear ratios, number of cells, motor KV). However, the downside is ... the initial investment is higher than glow dues to the batteries and chargers. Like what RCPATTERN says, as a newbie you may bloat your pack and that is a painful experience, its like pouring glow fuel down the drain. At the moment with HobbyCity packs that are reliable, the cost is just dropping. I am using the Rhino 20C 5S 4,900 and they cost $70 each, only $70 now. Its cheap for sure.
However, speaking to some good F3A flyers its really divided, some love GP stating the power curve the feel etc etc ... some say EP saying the same things too.

to each their own I guess. For me, its EP ...