Winky embarasses him, because the things Williams does well would be easily neutralized by Winky's guard. Regardless of whether it was at 154 or 160.
If Margo blocked 80% of Williams' shots I believe Winky will keep him to 10% connect ratio or less and shut him out on the cards.
What is up with Winky? He last fought more than a year ago and he has no fight lined up. He needs to get back in the ring. But to answer the question, i think Winky wins a clear UD at 154 and a close decision at 160.
Is Wink's heart in the game anymore? And are Pauls strengths at 147 neutralized at 154 or 160? If the answer to both is "yes" Winky wins. If no to either Paul has a chance. If no to both, Paul wins.
I'm going to lean towards (Current) Paul Williams based on both Winky's AGE & INACTIVITY. (Can Winky make 154) Back in RWW"s day tho.... This would have been a great fight to watch (Styles wise, it's a weird fit) Wright @ 154 (in his Prime) Williams @ 154 (Current) I'm not sold on PW as a MW. (I'd have to see it first)