Madara would be able to keep his intagible form for 5 minutes, but then, he is gone
If he attacks the "Yahiko" pain, it gets ressurrected
If he attacks the path that can ressurrect others, making himself tangible, he would be gang banged by the others
I'm going with the six paths of pain winning this one
this is very heard i would chose madara cause he hard the rinnegan but te sage of six paths created the ninja world so a draw or the sage of sixth paths
We're only talking about Nagato's 6 paths of Pain not the SO6P. Nagato can't defeat Madara because Madara's smarter, and his abilities with the EMS surpass Nagato's with the Rinningan (space-time techniques allow him not only the ability to avoid the attacks but also to transport the individual paths away from each other where he could possibly take them one on one). Against the Sage though Madara doesn't yet make it.
Isn't it said Madara before the possession of rinnegan.....if that's the case Pain wins here coz I doubt that his intangibility and teleportation could withstand his Shinra tensei, Banshou tenin or Chibaku tensei + that soul catcher + ninjutsu sucker three of the main paths.....I'd go with Rikudou pein