The Comedian could have taken Ozymandias

There are three kinds of heroes; compromising heroes, uncompromising heroes and heroes who are willing to give up everything. There are no uncompromising heroes.

Heroes are more or less a symbol of human nature at its best but with a romantic prowess to do more than we are generally willing to do. The compromising heroes are those who are trying to save the world but not exactly willing to go all the way, they are giving up some things but not everything. Self sacrifice is not a stranger to them but there will always be something they will not give up, and when there is no other choice they will fall in line like everyone else; when the heroes who are willing to give up everything have become the villains who gave up everything a compromising hero will fall in line and accept this as fate. The uncompromising hero is those who will not accept even the inevitable, "No. Not even in the face of Armageddon. Never compromise.", but in the end they will allow themselves to be slain for the greater good; like Batman in his self-loving/self-loathing hypocrisy (which Cartman illustrates brilliantly in "The Coon") gave himself up to allow Harvey to become the saint and Rorschach met his death in Antarctica. And the heroes without any remorse are those who will kill one life to save two or a million to save a billion.

This leaves the omnipotent who cannot be seen as heroes as someone who is omnipotent has no place in making a though decision; nothing is though if it doesn't have any consequences and how can anything be of any consequence to anyone omnipotent. An omnipotent will not endure a life in a compromising world and uncompromising world is a dead one. But the omnipotent is so detached in his prowess that he cares as much of a single human as the whole world; like in Vietnam when he Comedian kills the woman carrying his child he says: "Yeah. Yeah, that's right. Pregnant woman. Gunned her down. Bang. And y'know what? You watched me. You coulda changed the gun into steam or the bullets into mercury or the bottle into snowflakes! You coulda teleported either of us to goddamn Australia...but you didn't lift a finger! You don't really give a damn about human beings. I've watched you...".

We do love those who try to never compromise though and even such a wicked figure as Rorschach is probably the best of heroes in our eyes; even in the mind of the creator he managed to convert Doctor Malcolm Long to his thinking. And The Comedian was loved too, Rorschach expresses is admiration of him in several occasions, which is explainable due to their kinship of mind, Dr. Manhattan too talks about his curiosity in him, "Blake is interesting. I have never met anyone so deliberately amoral.", and even The Silk Scepter who was raped by him had only fond memories left after his death,

And yes, I really think that The Comedian could have beaten Ozymandias had he wanted to; in his death he did not put up a fight to allow Veidt to go through with his horribe plan, this was Blakes final and only compromise, his punch line.