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I think Ryoga takes this. He taught Ryoma the glowing shot and trained him to a level where he can take on Byodouin. He definitely has more up his sleeve.
True. Ryoga is made to be the mysterious character. His fullest potential is still unknown. Byodoin's potential is slowly (chapter by chapter) showing.
Ryoga would win with little difficulty.
I wish we had Ryoga see Tokugawa VS Byoudouin. Depending on his reaction to those insane moves we could determine whether or not Ryoga/Byoudouin/Tokugawa were all in the same tier or not.
Considering Ryoga managed to teach Ryoma well enough to make him lift an entire tier within 1 hour, I guess its really possible Ryoga is the strongest Schooler in the camp...