I can't compare it to Electric Tale of Pikachu, but I can compare it to the anime.
I'll put it this way. When Pokemon Origins came out, a lot of people praised Red for being competent where Ash wasn't. I could see the point, even if I didn't necessarily agree with it (and after watching Sun/Moon, I'm even less sure about it). Here, we have the same paradox - is it better to have a competent trainer who lacks personality, or is it better to have a character with personality that isn't a good trainer?
Red is already a competent trainer before getting his bulbasaur here. He doesn't develop as a character. He easily catches pokemon and wins battles. Though, bizzarely, he catches a lot of pokemon, but doesn't seem to use them. By the end of vol. 1, his team consists of polywrath, pikachu, and bulbasaur (and maybe something else? I forget). Blue, similarly, is nowhere near as much of an asshole as Gary. He's Red's rival, sure, but not an asshole.
And okay, sure, I don't really go to pokemon for in-depth character development - the only reason I read this was because I had free time at the library on lunch break - same reason I read many of these comics because I can easily read them in less than an hour. And yes, it's aimed at kids. But even so...
Also, the volume makes some weird changes to the gym leaders. Brock and Misty are mostly the same, and Misty travels with Red before arriving at her gym, but from a story standpoint, it feels redundant. You introduce a character, keep the character, abandon the character, move on. Also, Surge runs a pokemon trafficking ring out of the S.S. Anne, and Koga is a Team Rocket agent who fights against Red and Blue at Lavender Tower (which is where the volume ends).
So, yeah. If I'm comparing it to the anime, I'd simply say that the anime's better, because it has more time to flesh out its characters, and I'd take Ash over Red, because seeing Ash struggle and succeed is better than Red simply winning everything.