Anyway, I think the most sensible option is the following: electrify the branch with 25 kV OHLE, shorten the current GWR 387s from 4 to 3 carriages and use them as the new Marlow line allocation. GWR can then either get some new or surplus EMUs (looking at you, Class 365) as 387 replacements on the current duties, or convert one of its, by then, redundant 769s back to 319s.
In the rush hour for extra capacity (between 07:00 and 09:00 and 16:00 and 18:00), the services could be extended to London Paddington, calling at Slough, Hayes & Harlington and Ealing Broadway. I would say having a direct Marlow-London train at all times is a good idea - but with Crossrail, outside of rush hours, I am sceptical as to whether there would be any demand or not. At Maidenhead, they could be attached (and viceversa) to another 3-car Electrostar which would be originating from Henley-on-Thames (again, also another line that should be electrified soon in my opinion).
And yes, as I said before, you can have 3 car Electrostars - such trains already exist: Southeastern Class 375/3 and Southern Class 377/3.
Light rail / Tram is good, however if you are going to spend that amount of money in converting the Marlow branch line into a new tram line then you might as well incorporate some street running at either ends of the route, especially in the case of Marlow, to improve accessibility as I said in the previous post.