The other option would be to get rid of the electric and put in a circulation system, preferable convection. The only reason to keep two tanks might be capacity, big bathtub or small refillable hot tub? But even going with what you suggest, feeding the nat gas in to the electric will save a bunch and you could likely turn the electric down to 110 or so to further reduce it's runtime and get the benefit of almost instant hot water and lots of it
