The Rinnegan has not displayed a single jutsu anywhere near as deadly or effective as the thousands of Bijuu-Dama Shurikens Madara was able to spam with the full powered Kurama at his side, furthermore the "portion" of Hashirama's power as Madara put it that he has acquired has certainly paled in comparison to Hashirama's as Madara's Mokuton Dragon was not enough to handle half of Kurama's power trapped in Naruto let alone the whole thing & neither of the powers he acquired are held in as high esteem as his "true power" the Perfect Susano-o however the most important factor in this debate is Madara's own opinion.
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According to Madara, the living Hashirama was a shinobi greater than the sum of the 5 Kages combined & capable of stopping him as he is now, let alone an Edo Hashirama with unlimited chakra able to spam his already ridiculous jutsu infintely, Hashirama is nothing less than Madara's equal, if he is still stronger or not, will be determined by their upcoming battle.shodaimeicon: