Owen Hart is nowhere near as good as people seem to think he was. He won two intercontinental championships because Steve Austin got injured, otherwise it'd have been one, and his European title win came after he beat somebdy taking the piss and playing dress up.
While he may have been entertaining to watch for about 3 or 4 years when he was the rocket, or when he was the original blue blazer in the lucha lire promotions, he never really won anything. After that, he just became Bret Hart lite, and won the only significant match of his career against his brother.
Honky Tonk Man may have been dross and far moreboring to watch, but he made a career of cheating guys like Owen out of a win, which made him the greatest Intercontinental Champion of all the times.
Honky Tonk man would win this match, probably by cheating and twatting Owen round the head with a guitar, but winning nonetheless. I sincerely doubt the votes will go that way though.