No diff is not correct. But he would win, and quite comfortably. Kaido ≠ Loki with regards to fighting style. Yet to determine whose power level is higher between the pair, I'll leave that up to others for debate. But strictly regarding fighting style its more or less the same.
And I do remember Kaido being chocked by Luffys free wheeling fighting style more so than his power level (somebody better than me can provide the frames). Kaido would face the exact same trouble against Imu who also conjures whatever. But as we can see Loki is still rather competitive so Kaido could/should also be able to hang for a bit.