Scenario's;
1.Both weild weaponry, hercules wields his admantine mace and thor mjonlir winner by death
2. H2H combat winner be KO or Death
3. Anything goes, admantine mace and mjonlir availible to herc and thor, each can be separated from weapons to engage in h2h, both gods go all out...
My reasons for the overwhelming victories in favor of Thor in 1 & 3 are because they've already fought it out in Olympus on Herc's home ground, and Thor would have killed him if he had continued without being stopped by Zeus. At least it appeared that way to me.
In durability only. Mjolnir exceeds it in every other area. They fought it out long ago while in Olympus, and Thor had Herc on the ropes, and could have killed him. Thor has more than one gear, and when he's going for broke, he's just on a different level than Herc.
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thor has more variety to chose from in a full on battle. strictly h2h he would lose a majority though. honestly i think they are interchangeable. its just that hercules isnt a serious character and he never really does anything with his godhood