>>45436054We have no way of knowing how strong the original Dragon would be, but even if he was quite powerful, Palkia and Dialga canonically have absolute control over space and time, and without the power limiter of the pokeball holding them back they can rewrite reality and even create universes.
A fusion of the two would probably only be beatable by Arceus itself. So, Dialkia would effortlessly mop the floor with everything else.
Next in line is Ultra Necrozma, who has similar power but lacks the ability to distort/control reality, then Eternamax Eternatus (which distorts space/time just by existing but has no control over this and is more or less just an extremely powerful monster), and finally Mega Rayquaza.