"Might" is such a subjective term.
Physically, I think Eönwë may be argued to have the most physical power, as he is said in The Simarillion to be unsurpassed in arms by "any in Arda".
From a standpoint of wisdom, Olórin was confirmed as "the wisest".
Sauron was said to be the greatest servant of Melkor given a name, that is, known enough to the Eldar to have been named. But that leaves open the possibility that Sauron was not the most gifted of Melkor's vassals.
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Music alone proves the existence of God.
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