Those are (in most peoples terminology) entirely different things.
Having viable light electric aircraft could revolutionize flight even if every aircraft for more than 20 people would run on kerosene for the next century.
I don’t think anyone is expecting a battery powered 737 any time soon. But a battery powered Cessna 172 with a 30 minute range would be huge.
I also strongly question your assertion that viable light electric aircraft could "revolutionize flight". What exactly would the revolutionize? 2 seat electric trainers already exist, but the niche they fill is tiny. You're not going to move the needle on aircraft emissions with anything short of electric airliners. The rest of it is just a way to keep the research funded until we get there.
Look at the Maxwell X-57 for instance. If you don't have fuel in the wings, and you can use small electric take-off propellers on the wings, you can make the wing much thinner, which reduces drag.
You can potentially fly higher with electric planes, since you no longer have to think about air densitys impact on engine efficiency.
The main challenge with electric airplanes is not really the batteries. You could probably make viable short-haul planes with todays technology. The problem is you're basically starting from scratch, as a plane optimised for electric engines is most likely vastly different from a 737 airframe. It'll take decades to design and optimize radically new airframes.
We might never see planes crossing the pacific ocean with batteries only, but that doesn't mean electric planes aren't viable. By some calculations you can do 500-1000km routes with todays battery tech already, and there's a shitload of those. Maybe you'll have to fly 2-3 smaller planes rather than one huge one to cover the same route, but that can be a good thing. You could use smaller and more local airports. Electric planes are much more quiet after all. Operating costs with electric planes are way lower, so it might not be more expensive either.
With a 3x+ capacity you can start talking about covering most of the routes within a continent. So what if you can't do transcontinental? I think we can make enough biofuel to cover that if most other flights are electric (and/or hydrogen)
Looking only at energy density is naive.