I don't think anyone has mentioned how much wood you are planning on splitting, . . . . I guess the point I am making is, the electric handles all of my requirements, and you will save enough money to plow into a new chainsaw as well.
If I was looking for a smaller splitter / splitter for smaller wood, I would also check out one of the 2-way splitters:
http://www.arboristsite.com/firewood-heating-wood-burning-equipment/190097.htm
Philbert