One possible plot could be that there is a rift in the multiverse that brings Goku and Luffy together in a strange new world. They initially misunderstand each other and start to fight. As the fight progresses, they both realize that there is a greater threat at hand that is causing the rift. So, they team up, with Goku teaching Luffy some of his combat techniques and Luffy showing Goku the value of friendship and loyalty in a different way.
Goku in Ultra Instinct mode is extremely powerful. He has superhuman speed, strength, and can dodge attacks effortlessly. However, Luffy also has his own set of amazing abilities like his Gear Fourth form which gives him enhanced speed and power. But I think Goku would win because his combat skills and power level are just on a different scale compared to Luffy.
Luffy Gear 5 Fanfic: In the heart of a new island, Luffy stood tall in his Gear 5 form. His body pulsed with a vibrant red energy as he faced the powerful new foe. 'I won't let you harm my friends!' he roared. With a swift motion, he stretched his arm like a rubber band, then snapped it forward, sending a shockwave of Haki towards the enemy. The foe tried to dodge but was caught in the blast, sent flying backwards. Luffy then bounced around the battlefield, his movements a blur, leaving trails of light as he continued his attack.
Luffy uses Gear 5 in a significant battle towards the later part of the manga. But the exact chapter or arc can vary depending on how you're reading it.
One interesting idea could be exploring new abilities Luffy discovers within Gear 5 that he hasn't shown in the official story yet. For example, he might be able to manipulate his surroundings in even more creative ways, like turning the air into rubbery substances to create platforms or traps.
I think it's in a relatively recent chapter, but the exact one might vary depending on where you're reading the manga. You might need to check the latest updates.