I say Draw. only reason Madara Won was because he basically stopped time itself.
Only reason he lost to sasuke is because he couldn't stop getting owned by sharigan.
They basically fight the same way...both are long range fighters who seem to love using bombs. Only difference is Konan actually know other jutsu
i think she had that planed out ever since madara started telling nagato and her what to do. it takes time to write up 600 billion bomb tags.
i think she'd have to make it explosion vs explosion with her bomb tags rather then wraped deidara up in her paper. basic style is close but i think deidara would win, worst comes to worse she has that jutsu she was going to use right before madara stoped her but deidara has c4 karura as an ace in the hole.
Deidara's C0 is strong, but it's a suicide killing bomb and used as a last resort. If Deidara uses this technique, both will die, resulting in a draw.
Even though it's not Konan's specialty to create bombs. Her Paper Person of God Technique can do enough damages to Deidara. She will be exhausted, but will not die unlike Deidara.
Her technique was able to counter Madara's five minutes limited intangibility. Madara was forced to use Izanagi to survive at the end.
I think Konan can protect herself from Deidara's C1 (Deidara's most basic attacks) maybe C2 by using her papers as a shield like how she managed to defend against Jiraiya's fire attack. I doubt she can counter C3 and C4.
Deidara's C3 is extremely powerful and covers a large area. His C4 can't be seen by Konan because the bombs are microscopic. If the bombs enter her bloodstream, she will die.
I think who will win the fight depends on many factors. If Konan will use her ultimate jutsu in the beginning of the match, their analytical abilities and reaction speed.
Konan has to prepare that before the battle. She gotta cover the whole battlefeild with paper then put bombing seals on each paper to make it explode. She can't do all this, during battle.
You do realize he used Izanagi, if he hadn't had that, R.I.P. Madara, he still got hurt AFTER he used the ultimate forbidden jutsu of the Uchiha, doesn't that say something?
deidara people do overestimate konan i know shes strong but remember she fought well against madara because she prepared it deidara might be able to do the same if he had the time
Konan can evade EVERY ranged attack and all Deidara's jutsu are ranged. Someone could say that for Deidara too. The difference is that Konan can disperse instead of dodging, proceed going closer to Deidara and attack him. Deidara must dodge though. Konan's Ranged Jutsu destroy the flying bird and then Paper God and it's over. She can just disperse for C4. Imagine her being something like Logia, while Deidara doesn't have Haki (x. Konan wins.