Can't be done. Such a partition plan would leave Israel too geographically vulnerable.
Off course it can be done - the only question is "Does Israel even want peace"?
Israels security is Israels problem and concern, not that of the Palestinians. Upon the Palestinians finally getting their own State - it is "Palestine's" (or whatever they decide to call their State) duty and obligation to set up an own National Defense Force and internal security organizations that prevent terrorist groups from forming and essentially running terrorist ops against Israel and also against the Palestinian government.
Don't forget the Jews themselves chose to go there - via occupying other peoples territory and forcing them out for almost 75 years - thus creating and nurturing hatred for 75 years. That there will be terrorist attacks (on a far smaller scale then presently) is inevitable - but it will stop - the timeline will heavily depend on Israels continued actions towards Syria, Lebanon and other Muslim countries. As well on the economic/financial support given to Palestine by foreign nations.
There are absolutely no indications that e.g. Egypt, Lebanon or Jordan have intentions or posses the military ability to attack Israel and get away with it. Iraq has never attacked Israel - aside from sending troops and aircraft into Jordan and Syria during the Arab-Israeli wars, that ended in 1973. (
50 years ago). Iran has
never attacked Israel. However Israel has attacked Iraq via airstrikes after 1973.
Syria is in an absolute chaos since the Arab-Spring uprisings, and was totally destabilized, bombed and attacked by foreign powers until today. There are even US troops in Syria (a sovereign nation) - can't remember that Assad called for US troops, nor that he has declared war onto the USA - can you? Israel since then has been constantly attacking and bombing targets in Syria (a sovereign nation) - and has illegally annexed the Golan-Heights.
Due to foreign powers having kept Syria in chaos via constant warfare - Iran got it's chance to move in - supporting the Assad regime and creating and running their own militia groups in Syria. the same goes for Iraq. Israels attack onto Lebanon in 1982 created Hezbollah - also supported foremost by Iran.
Thus the only Arab-Muslim country that has reasons to attack Israel (if they could) BTW (Netanyahu calls it "retribution" not attack) is Syria due to Israels actions of the past 10+ years and it's illegal annexation of the Golan heights.
Once the Palestinian issue has been agreed upon and the Golan-Heights having been returned to Syria - only non-Palestinian members of Hezbollah remain a threat to Israel - this issue can be "solved" in the same manner as Gaza - via UN peacekeepers and if deemed appropriate via including Lebanon's own Armed Forces and security organizations.
As such only two protagonists remain, Israel and Iran. Iran would lose it's "support arguments" the moment a Palestine is formed. The government of Syria and the former Iraq government are/were secular organizations - as such opposing Iran's Ayatollahs. And the beef that Israel and Iran have with each other - can't be used by Israel to prevent a Palestinian State, it's just a lame excuse upheld by Israel.