I'm too young to have seen Michalczewski live, however from what I've seen on youtube I think his jab and relentless pressure would be too much for Beterbiev.
Very interesting and brutal fights. I think Beterbiev's punching power would make the difference here but Michalcewski had insane heart so I would not count him out. I say 55% Beterbiev by TKO in round 10 after a brutal, bloody war.