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Starting Distance: 50 Meters
Morals On
Standard Gear (Warsuit/powersuit for Lex)
In Character
Location: abandoned wasteland
Pre-52 Lex

Argument for Iron Man:
http://www.warwithwords.com/?p=486
or
http://dai.ly/x20tpyn/176782



Argument for Lex Luthor:
http://www.warwithwords.com/?p=490
or
http://dai.ly/x210qs4/176782

Who wins?

Not sure on all of Lex's showings and feats in his warsuit, and I don't have audio on my computer so I can't watch the videos, but I thought I'd throw a few things I know about for Lex.

He gave a weakened Superman a decent fight, beat the shit out of Supergirl(although Kryptonite was involved) including apparently no selling her kick to the face and making a force shield(not covered all over him, closer to a GL construct) to block her heat vision, hurt Dark Kara a few times(once with a punch, another with an electric shock, the third was with a Kryptonite shank so not relevant to Iron man) but she fought a lot smarter than Supergirl, and he one-shot killed three or four OMACs with his suit's energy blast.