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they know each other pretty well......... i think IF will take it

Luke Cage would beat the crap out of Iron Fist.

This is a close one. Iron fist has that Iron Fist, and has knocked the $h!t out of some pretty powerful characters, then again Luke Cage has gone toe to toe with some powerhouses as well, and could probably withstand a few blows from the Iron Fist. Hmmm... Cage takes it. Iron Fist can dish it out, but repeated blows from Cage will do him in I think. Luke Cage wins.

i doubt Cage could land "repeated blows" against Iron Fist...... did you read the issue of spider-man unlimited (13) where the Scorpion beats the $hit out cage but when IF fights him later he blocks his attacks and shatters his tail with the iron fist attack

Iron Fist is far too skilled for Luke Cage. His chi attacks would topple him.