Anyone from DBZ can momentarily move many times the speed of light, this has already been shown in many other scans. However because speed is relative in the manga it's usually quite hard to see this because as power levels go up so does speed. (The scan I'm referring to is the one where Vegeta dodged Frieza's death beam but everyone else only saw a flash, and by that point even Krillen was far more powerful than Raditz.)
DBZ wins. Luke's only hope seems to be mind fuck, but Goku's far too fast. As soon as the fight starts Goku would probably punch him through several buildings, then apologise because he overdid it.