The only thing im not too sure about is the amount of physical damage CM can take. I know she has had no problem KOing really powerrful beings though. Anyway i'll go about setting up a case.
Anyway........
1. He can deal with aerial combat due to his flight ring and im giving it FTL speed and he has the ability to use it adeptly.
2. I dont see him having any porblems deal with Supermans H2H skill if he can do this.
http://img297.imageshack.us/img297/5762/silversurfer198700421jg3.jpg
3. Will not have trouble KOing Superman when he is capable of doing this.
http://img521.imageshack.us/img521/3958/avengers11416qg7.jpg
and KOing a being that can do this.
http://img165.imageshack.us/img165/1555/avengersv112416ln7.jpg
Ok in all fairness she was not able to KO him but was able to find out its weakness, but Cap has an indestructible weapon and a motherbox that could create weapons.
http://img165.imageshack.us/img165/3733/avengersv112417im5.jpg
http://img211.imageshack.us/img211/8001/avengersv112418gh8.jpg
The motherbox gives offence capabilties. Here it gives Superman a sonic gun.
http://i118.photobucket.com/albums/o97/juggernaut666666/7-1.jpg
Here it gives Superman a HF
http://i118.photobucket.com/albums/o97/juggernaut666666/9-1.jpg
It could be argued that the mb could give Cap defence against cold breath and blunt force trauma.
Oh yeah and he can resist Supermans T-Vo because...
http://img207.imageshack.us/img207/9366/defenders00913gc6.jpg
http://img175.imageshack.us/img175/393/defenders00914av3.jpg
I also dont think that Superman can heal from wounds this bad.
http://i118.photobucket.com/albums/o97/juggernaut666666/16-2.jpg
http://i118.photobucket.com/albums/o97/juggernaut666666/17-2.jpg