For me the top pinoy guitarists are (in no particular order):
1. Noel Mendez (the most versatile pinoy guitar player i've ever played with. Listen to his guitar works in FrancisM's albums "Freeman" and "Happy Battle")
2. Jack Rufo (for his blazing Holdsworth-legato style solos)
3. Janno (students of both Noel Mendez and Jack Rufo; very versatile also; scary)