Hi, I just read your post and remembered this question published in Simple and Delicious magazine in the Ask the Pros feature. Here was the answer:
Waffle and pancake batters are similar, with one exception: waffle batters need more oil or butter. Oil and butter tenderize waffles and prevent them from sticking to the waffle iron. Waffle batter can be converted for pancakes by decreasing the oil or butter by half. You may have to decrease the liquid slighlty, about 1/4 cup, depending on how thick or thin you like your pancakes.
My favorite simple topping is peanut butter!
Hope this helps,
Marie Parker
Associate Food Editor
Simple and Delicious Magazine