I find your insinuation of my not understanding what you were asking rather rude. What you were proposing is that Wave and Corvo encounter one another in the open, Wave pre-equipped with Grand Chariot and Corvo at the ready to stop time.
I was attempting to illustrate (via example) that Wave has shown consistency in being mentally slower than his peers in the Akame ga Kill! universe. By comparison, Dishonored's Corvo is a master strategist--he is capable of single-handedly infiltrating heavily guarded buildings and assassinating the corrupt nobles and officials secured inside without being detected. Where mental agility is concerned, Corvo's appears superior by feats alone.
As far as your scenario is concerned, you are operating under the assumption that Corvo and Wave have met in an open encounter, the latter pre-equipped with Grand Chariot. You did not mention, or neglected to, the circumstances under which they've encountered one another. How far is Wave from Corvo? Has Wave already moved to strike him? Does Wave even know he is an adversary? Better yet, is Wave aware that Corvo is a threat? Are they aware of one another's abilities? (You answered no, so that already makes things on uneven ground, providing an edge to Corvo.)
I understood exactly what you had asked, but you appear to be operating under the assumption that Wave is simply going kill Corvo in an instance, at a moment's notice, which is contradictory to his very character. Wave is a humble fisherman from an outlier village who possesses an average intelligence, perhaps slightly above, and has consistently shown poor threat-assessment skills. You are basing the entire arrangement purely on a physical level--not each respective character's level, which is wrong and defeats the entire purpose of crossovers if the characters themselves are not in character.