Ok, as to who I'm voting for, I'm siding with Freddy all the way. Freddy has one thing that puts him above Dante in my eyes, and that's his sheer number of hax. Now, that's not to say that Dante doesn't have his fair share of hax, because he certainly does. In fact there is a number of hax that can potentially cancel each other out in this fight.
Those hax are time manipulation, soul manipulation and possibly telekinesis. However, Freddy just simply has too many hax for Dante to handle. Aside from what was already mentioned above, Freddy also has reality warping, invisibility, intangibility, durability ignoring capabilities, transmutation, and while I said that telekinesis could potentially cancel out, Freddy has shown a much greater usage of it than Dante has from what I've seen. For example, Dante caught a motor bike with it, while Freddy threw Jason around like a ragdoll with it.
When it comes to destructive capacity, while I really feel that it doesn't matter in this fight due to Freddy's durability hax, I can still make an argument that Freddy's DC can surpass Dante's. In the 4th movie, Freddy created an entire planet consisting of a junkyard. If he could casually create something like that, then he could logically manipulate/destroy things on that scale. Even if it isn't the same size as earth, it would still be moon level or at the very least be continent level. Granted if it was continent level, it wouldn't be THAT far off from Dante who is only one letter below. But like I said, it really doesn't matter because both of them can ignore durability.
When it comes to who's faster, again, it doesn't matter. Freddy can just simply hold Dante in place with his telekinesis or do that on thing he did in the third movie where he controlled one of the characters movements by turning his bones cartilage into puppet strings. Once Dante is held in place, Freddy can go in for the kill by either ignoring Dante's durability or turning him into paper. Yeah that's right, Freddy can totally do something like that.
I don't see anywhere on Dante's page that says he's resistant to transmutation, so this is definitely in the realm of possibility. This in my opinion, is one of Freddy's biggest edges over Dante. Dante's sword skills too much of a problem? Transmute his arms away. Freddy is more than capable of altering Dante's size, shape and durability, and I think that alone is more than enough to take care of Dante.
My vote is for Freddy.