Liston. Liston is remembered for crushing Floyd Patterson 2 rounds over two fights and losing to Cassius Clay in 7 rounds in two fights. The former was down to crushing-power and intimidation and the latter was to mind-games and intimidation and the Mob/Nation Of Islam. None of these factors occur here: I don't think Frazier poses any mental-or-physical threat in this matchup and I predeict Liston gets a stoppage in 7-9 rounds...Liston has on-par power with Foreman.
I think that Liston is too slow for frazier. Liston might hurt or floor him, but eventually Frazier would get inside and fuck him up
I dont think Liston would land as easily as Foreman did. As i said, he probably catch him and hurt him a coulle of times, but i think hes too slow to repeatedly catch Frazier, and his footwork is not good enough to avoid this being an inside fight. He has a chance, since he could land a monstrous uppercut and ko Joe, but inwouldnt bet On it