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Who would win?

Who would win: Iron Fist.

Who SHOULD win: DD and Elektra. I think Iron Fist is seriously overrated. The first chance that things are going out of hand and he channels his chi into his fist and voila! No more problem.
DD and Elektra fight the old fashioned way - with fist and foot, not by channeling mystical forces into flaming punches. (Elektra does have some 'interesting' attacks, but nothing that has to do with smouldering punches).

And do not get me started on Iron Fist's ridiculous costume.

Thus, even though Marvel would make Iron Fist win due to continuity issues, the winner should be DD and ELektra.
Thus the winner would be Iron Fist.
But i would PERSONALLY wish for the dynamic duo to trounce his smoky chi up his you know what!

i love elektra