There are a LOT of reasons, some of which I've already noted.
- CG will be a PITA to get right
- The wing profile is very thin. Even at 1/5th you'll be hard pressed to hide the motors in the LE of the wing. You'll likely end up with nacelles of some sort and that will completely throw off the lines of the P-26
- Wiring will be loads of fun. If you have any chance of balancing it you'll need your batteries (probably a lot of them if you're thinking 3S 2200 mAh or similar) as far forward in the nose. You're talking about a removable wing so you might end up wanting to extend the battery leads rather than the motor wires, but extending battery leads is generally the wrong call and leads to electrical issues. You would probably need to install the ESCs in the nose as well (for weight and wiring) and then reconnect the extended motor wires each time.
Here is a set of free plans for 1/5th scale balsa version of the P-26 (
https://outerzone.co.uk/plan_details.asp?ID=6078). The plans actually look pretty easy to convert to foam building techniques a la the process laid out by
@willsonman. Even without the main prop it is a draggy profile and I don't see something less than a 60 sized electric pulling it around well.
Again, just my 2c.