He is but the problem is Katakuri already did it better.
With Oden's fight too Kaido was a coward...as he made the plans to appear stronger when he wasn't etc...even after defeating Oden like that...he could still have not imprisoned and executed him if he really wanted to honor like Katakuri. I still did not like that at one side he was cunning with Orochi and on the other side, he talks about honor with Oden.
If it was something like he regretted killing Oden the way he did...maybe he wanted to have a fair fight or something...it would make a good story. But doesn't seem like anything like that has been narrated as his main driving force...
With Luffy being down, I can only expect Kaido getting angry, Luffy waking up eventually, and finishing him off...
Or some other defeat for Kaido...unlike Oden's time where he still had stuff with him and an upper hand he has already lost everything here...so his winning won't do anything with that.
Or its time for ZKK I guess