I doubt very much that the electric stove will out boil the propane burner... but then the propane burner is larger than a plumbers torch?
Adding more water than the prescribed amount in the directions WILL lower your gravity...
I suggest you gather all your water, in a container, that is required, pull out however much that needs to be in the kettle... I don't believe a long, hard boil is necessary for extract...
Add the hops to the kettle volume, and keep heating, and adding as you go according to the time... In the last 10 minutes or so, then add your extract... If its liquid, pull out say half a gallon before you MT the container... Take the reserved hot/warm liquid and dump into the extract container... then dump into the kettle... you are doing your best to get every last drop of extract INTO your kettle...
Start with this and see if your gravity improves and report back... there are some other ideas that can be applied..
Sneezles61