Monzon by narrow decision and possibly after tasting the canvas. Freddie could bang. That, and his excellent, fast footwork would cause Monzon some problems. But Carlos was nothing if not a champion. Cool as ice, methodical and strong. He would impose his will over championship rounds.
After Steele gives him all the trouble in the world for 10 rounds, Monzon begins to dominate...having figured Steele out by then..the Monzon right ends it by round 12 or 13.