Tough to say. Naruto doesn't have the speed that Raikage has. Normal Naruto has a 3.5 in speed, and Sage Mode probably enhances that to at least 4.5, but Raikage is beyond that. He's so fast even the Sharingan couldn't detect it, but there isn't any evidence that supports that Naruto sensing where Raikage is better than the Sharingan because if Raikage went behind Sasuke, Sasuke wouldn't be able to see it whereas Naruto would be able to feel it regardless.
Wind beats lightning, and I personally think that if Naruto got Raikage hot-headed enough, he'd be able to make him fall for a few diversions to use the RasenShuriken on him.
Raikage MAY be able to lift up the giant frog that Naruto could while in Sage Mode.
Raikage uses Taijutsu that has a lot of similarities to wrestling, Naruto has frog Katas. Since Raikage likes close combat, Naruto would have to collide his fist with a Futon Rasengan.
Personally I think Naruto would do better than Sasuke because of the elements. Susanoo is what saved Sasuke ultimately, but Naruto's deception would play on his hot-headedness, and combined with his deception skills, and elemental affinity, that gives him about the same advantage that Susanoo does.
They both have huge chakra levels, Raikage having the level of a tailed beast...Naruto BEING a tailed beast.
However, Raikage was able to dodge AMATERASU, which I don't see Naruto being able to do.
Durability? Sure, Naruto fell on some spikes and didn't get hurt.
Raikage got his ass burned by flames that are supposedly hotter than the sun, then proceeded to cut off his arm and still planned to attack the man who caused such a problem.
I did not even notice that Raikage had his hand back. So apparently, Raikage is like Piccolo now and can just regenerate whole ****in bodyparts.
Otherwords, Naruto's cool. He's number one and all, but Raikage is apparently a beast.
Naruto would easily do away with Raikage after 9-tails training. Maybe 5-tails would take care of it.
Oh yeah. All this Pain shit. Okay, Pain is badass, has cool techniques, a ton of women, a ton of chakra, destroyed Konoha, and has badass Hot Topic piercings all over his body.
However, this is a Naruto vs. Raikage fight. Raikage cannot defeat Pain, though I'd love to see the battle. Pain CAN be defeated without knowing his secrets by a strong enough guy. Shit, even WITH info, it's Pains fault that his techniques got spread around because apparently, he overlooked a damn TOAD and sat there and watched Jiraiya carve a message into it's back.