Just looking at the shaman talent trees tells me the following things:
If you plan on DPS:ing with elemental, 31p in elemental tree is the minimum. If you plan to DPS in raiding content, 34p is the minimum. Key talents for DPS is Lightning Mastery, which requires for you to invest atleast 30p to the tree. Elemental Fury and Unrelenting Storms from the 5'th tier however are so good, that you can't skip them.
If you plan on DPS'ing in raid-content at all, even in hybrid role, You can't leave Elemental Precision unchosen, so that is 34p minimum assuming you can deal with 30yard bolt range. If you want the 36yard range, make it 36 points. This leaves us with 25-27p for restoration. With such talents as Healing Way and Naturess Swiftness being available with 24p resto tree, it's clear that you are still a very capable healer.
Talents that synergize well with the Gear/Talent combo we are looking here are Ancestral Healing and Tidal Mastery. Choosing these gives you a great deal of +25% armor buff uptime, which makes you a good hybrid for example for Gruul. DPS for the first 3 minutes, topping people of with your LHW and Chain Heal after shatters, and once you've got maybe 7-8 growths stacked, change for MT / OT healing. You'll increase the average armor level of tanks by substantial amount which really helps countering the increasing damage your tanks face against him.
Summary, Elemental/Resto hybrid talents with a splash of raid dps:
http://www.wowhead.com/?talent=GE0zy0MqAZZxcbt0eo
The another alternative which makes you a better healer / manabuffer, but sacrifices raid dps. You'll still be able to dps quite well in 5man content however.
http://www.wowhead.com/?talent=GE0zy00aVZZxcbtVeoz
Note: Choosing from tier 1-3 resto talents seems hard for me, Tidal Forus, Totemic Focus, Healing Focus, Healing Grace and Totemic Mastery all seem ok talents, but taking elemetal as far as we now are, there just is not enough points to take them all.
My guess is, that you'd be able to solo heal atleast some, if not most of the heroics with both builds. Also, I'd guess that both builds could work fairly well in Karazhan also.