I've decided to get rid of the glow. I fly off my back porch over a golf course and quite electrics just seem more logical. I'm trying to go the cheap china route. But I can't decide between the monster power .32 or .46, I know a lot of people have used .32 nitro engines for the magic, but I'm still skeptical of the electrics putting out the same amount of oomph. Any opinions would be appreciated.

I have flown my Magic on a geared Aveox 1010/2y and a DD Phasor 45/3. The Magic isn't designed to be a fast plane, you want something that will swing a large prop slowly. Given your stated options, I'd go with the 46 with a low cell count and a big diameter, low pitch prop.
Walt