The E only has a dual-core processor processor, vs. quad-core on the Moto G, and the screen resolution is much lower. Not sure if it will work, but it definitely won't work as well if it does. Worth the drive to a more distant Best Buy if there's one in the area to get the G instead.
Actually, I just had my maiden flight. The Moto E did an outstanding job with zero to very little lag. Auto takeoff and landing is a really cool feature. Glad to have my Phantom back. This thing flies super smooth.