Correct me if I'm wrong I haven't done **** over summer holiday. Assuming that water and hail droplet are equal in mass and their shape is the same and constant during the fall then they should fall at the same rate. However, in general hail droplet seems to be heavier than water. Assuming that there is air resistance force that is proportional to V^2, the heavier hail droplet would drop with higher terminal velocity since more opposing force is needed to stop it from accelerating.