I fear James Cameron would lose miserably. Does anyone remember the last movie this guy directed that DIDN"T have a budget of over $50 mil? I'm pretty sure Fidani could've made a pretty good Titanic too if given a 200 Million budget LOL.
And that was a great post Phil. I agree on all accounts. IMO, Low budgets actually forces directors to make better movies. Big budges and special effects can make you complacent. Jaws, made for 12 million (actually quite alot back in those days), was great because all they had was a malfunctioning mechanical shark, meaning Spielberg actually had to do some artful directing rather than rely on special effects to make the film, in the end it was a better movie because of it. If they made Jaws nowadays it would suck because it would just be a major ass CGI fest.
I've always believed that the ability to make a good movie with a limited budget was the true test of a great director.
Roger Corman said that he could make a film about the "fall of the Roman Empire with two extras and a sagebush"