actually electro at regualr levels is pretty godlike, he's just too stupid to utilize his powers properly. He can do just about anyhting magneto can but with electricty. why, just recently he admitted to spiderman that he didnt know he could do all things he could until he spent some time in jail,with doc ock who schooled him on all the things he can do with electricty. during the battle he was throwing around big words like ionizing metals, and controlling brian functions by manipulating the electricity tha synapes produce. so with some hardcore schooling he could be pretty dangerous.
I think that putting Human Torch and Invisible Woman VS God-Like Electro and Magneto is a good plot but:
IW is the first that hit the ground, ok her forcefield comes from hyperspace and she can use it in many ways, to hit you, block you, blast you, repel you, but can her forcefields compete with that of Magneto?I think that she wouldn't be a great match for Maggy, probably a few minutes and he will kill her, the same if she fight with Electro first, that would cause Johnny to get angry, and we all known that the Human Torch isn't great smart, he done many stupid things, but he also fight in a brave manner and brain sometimes, so i put a little smart and brave HT against Electro and Magneto, his only chance to win is to get near both his enemies and explode in a PBAOE Nova Burst, probably this would be too much for Electro, and would leave Magneto hurted, but assuming that Dillon hasn't show a limit to his power he can counterattack Torch and neutralize the attack, that leaves Johnny unconscious or unable to use his powers.
Electro wouldnt be much of a factor...he would be very vulnerable to either the HT or IW...IW is probably the biggest contender here because her force fields have demonstrated to work within force fields...she would certainly not be over powered by Magneto, he may be tough for the X-men but IW goes up against cosmic types on a regular basis, her shield has protected her from: Annihilus, Occulus, Silver Surfer, Galactus, Aron the rogue Watcher, Mephisto, Ronin the Accusor, the Hulk, Terrax, Blastaar, Ego the living planet, Psi-Lord, and a Celestial...Her forcefield has only been broken by Doom when he had the power of a watcher...Ronin the Accusor used an organism that penetrated forcefields once to get her too...regardless, these guys r higher on the food chain than Magneto, IW would have no problem with him...furthermore, if HT or IW have been increased by Galactus, then Electro and Magneto would be a synch.