I don't really think this is a fair battle, all we have from Hago's side is hype and no feats. I guess rinnegan powers and whatever power Naruto and Sasuke has shown can be considered his powers aswell. But we can't be sure, going by hype Hago definitely takes it though.
But by feats, Hago could have the power of Sasuke's rinnegan and Naruto's rikkudou form and obviously all the rinnegan techs, maybe he could beat Madara with those feats alone. it depends though, how many rinnegan's does Madara have? 2 rinnegan would be a difficult battle but Hago can create moon-sized CT's so he could take it. 3 rinnegan madara... did we see much from him to be honest? I remember only seeing him use lots of CT's and casting IT which called out Kaguya. So if its 3 rinnegan madara vs Hago then its going to be a hype battle.
But by feats, Hago could have the power of Sasuke's rinnegan and Naruto's rikkudou form and obviously all the rinnegan techs, maybe he could beat Madara with those feats alone. it depends though, how many rinnegan's does Madara have? 2 rinnegan would be a difficult battle but Hago can create moon-sized CT's so he could take it. 3 rinnegan madara... did we see much from him to be honest? I remember only seeing him use lots of CT's and casting IT which called out Kaguya. So if its 3 rinnegan madara vs Hago then its going to be a hype battle.