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In a nutshell
He is currently ranked 14 on the tier list (the highest ranked character of all the post-Subspace Emissary characters and the highest tier placement of all The Legend of Zelda characters), thanks to his good approaching ability, good projectiles, well-balanced attacks, and a very good air game. However, Toon Link suffers from KOing problems, such as an easily escapable forward smash and a down aerial attack that can easily backfire, and like Link, he suffers from a predictable and relatively short recovery. This contributes to only rather decent matchups against higher tiers; while a majority are even, he has only has advantages against the Ice Climbers and Mr. Game & Watch.