Other then Shikamaru, none of the Konoha 11 are even qualified to be Hokage, so for them to make a tournament with them all aiming to be Hokage would be hard to believe. I still don't think Naruto or Sasuke fully qualify for Hokage. Naruto hasn't shown strong leadership skills, and is unwilling to let teammates get involved in dangerous situations. He tells everyone to stay out of his fight with Kakuzu, even though at the time Naruto wasn't drastically stronger then all his teammates and with Kakashi, Yamato, Choji and Ino there backing him up they could have all taken him down together, but Naruto tells them all to stay out of it even after they all made good points on why they should all work together. He does it again with Pain, this one is a little more understandable considering Pain was uber, but still you have a full village of ninjas at your side, Naruto might have been able to beat Pain faster with backup, unless Pain took one hostage. Naruto has matured but he's still naive in many ways that hinder his chances of being Hokage. When he grows up into a adult and matures more then we can see. I already stated why Sasuke shouldn't even look at the title. However he, unlike Naruto, can make the hard choices where Naruto can't. Maybe they should be a joint Hokage and balance each other out.
Parena or Serecham both equal Serena+Pancham!