Hmmm... I think that among the Rings themselves Vilya was the greatest. But when it passed to Elrond, and Galadriel continued to wield Nenya, then the tables turned. As Tolkien himself says, the Rings give power according to the measure of their bearer. Galadriel is much more powerful than Elrond, so Nenya would give her a lot more power than Vilya would give Elrond, making Nenya seem more powerful than Vilya.
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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