Yeah, they are both great players.
I still remember the first time that I had heard Malmsteem.
My buddy played the Steeler album on a really loud stereo at our place, and everyone just had their jaws drop when we heard his soloing.
Afterwards, every guitarist that I had thought sounded great just sounded kind of plain to me.
He really was something special.
Over time his personality and comments/attitude kind of made me lose interest in him but I can always appreciate those early albums since his playing really did raise the bar for me.