An electric fillet knife earns its place on the day you come home with thirty crappie. A manual blade is the better tool for one big walleye, but a bucket of panfish is a lot of small, fiddly cuts, and a reciprocating blade that saws straight through the ribs turns an hour at the cleaning table into a much shorter job. You give up a little meat along the rib cage and you gain your evening back.
The real decision is corded or cordless. A corded knife never runs flat and costs less, so it suits a garage, a cabin or a cleaning station with an outlet. A cordless knife goes to the dock, the boat ramp or the ice, and the good ones ship with a second battery. After that, look at the blades in the box: a 6 to 7.5 inch flex blade for panfish, something longer and stiffer for catfish and pike.
If you only buy one, get the BUBBA Li-Ion. It has the most Amazon ratings on this list by a wide margin and comes with four blades and two batteries. On a budget with an outlet nearby, the Rapala Heavy Duty or the Mister Twister does the job for a fraction of the price. Tom has not tested these knives. The ratings and review counts are Amazon buyers', read off each listing while this page was built.