Sage Mode Naruto should, not because of Senjutsu absirption (that actually isn't a problem) but frog kata, the fact frogs are amphibious, frog genjutsu etc, is a bit too much. Kisame won't be able to overwhelm him.
For Sasuke? I see it being 50/50 with MS Sasuke. If he keeps Sasuke in close quarters combat or underwater, Kisame wins. But he won't be able to get around Susano'o arrows, so the second he's forced at a range—and hasn't already set up a lakes worth of water—I think he's positioned too poorly to counter Sasuke. Kakashi's reaction speed is > Kisame's and he could only mentally react with Kamui to Sasuke's arrows.