Let's break it down by position. A lot of guys overlap but...
'92 Magic and Stockton. One could argue these are the best two to ever play the position
'07 Kidd, Billups and Williams. Kidd is very good on defense, great passer not so good shooter. Billups has been good with the Pistons but did nothing spectacular when bouncing from team to team earlier in his career. Williams is good but won't see a lot of PT
Advantage '92
SG
'92 MJ, best ever and Drexler was a high flyer that was an NBA top 50 player.
'07 Kobe is great, just a notch beloe MJ and Redd is a great shooter. I'll put Mike Miller in this group.
Advantage '92
SF
'92 Bird with a bad back, if he was in his prime it would be different. Mullin great shooter but wouldn't be able to keep up with the '07 guys. Pippen versatile and can defend just about anyone.
'07 Put Lebron here and he is great obviously. Carmelo isn't great but could be one day. Prince is a great defender.
Advantage '07
PF
'92 Barkley and Malone, enough said
'07 Howard is an athlete as is Amare.
Advantage '92
C
'92 Robinson great defender, athletic, very good shooter. Ewing classic center with an outside shot.
'07 Tyson chandler would get abused by the '92 team
Advantage '92
4-1 Advantage '92