I beat Legend of Zelda Ocarina of Time for the Switch 2, and using my scale from best to worst: X, S, A, B, C, D, E, F, U, W
I give it my rank of A!
It's a great "re-representation" of Ocarina of Time, but it isn't nearly as good as ANY version before it! It doesn't come close to being a "Definitive" version of the game (That title goes to Ocarina of Time 3D for the Nintendo 3DS)!
There were many improvements (a.k.a Things I liked) over the original (and by saying "original", that means Nintendo 64/GameCube, and the 3DS versions), but there were far too many regressions (a.k.a Things I DIDN'T like) over the original that will keep me from wanting to replay it!
But here are some of the things I liked:
Maximum rupee count is 1000
Many characters (Like Navi and the Gerudo) have more character, or have their character expanded on (Twinrova was particularly amusing)
Voice acting
Deeper detail in the story
Incredible detail on everything
Adult Link can wear masks, the Skull Mask is particularly helpful
You can STILL do the Spirit Temple BEFORE the Shadow Temple
Many of the obscure details about enemies, and other things (like the deku stick turning butterflies into fairies) made it into this version
Bosses weren't completely changed in ways the bosses were changed in Majora's Mask 3D
The Hookshot can grab regular items
The Dead Hand is terrifying
Zora's Domain thaws out after beating the Water Temple
Farore's Wind creates warp points to where it was set rather that at the door Link came through
Tracking progress with Zelda Notes is fun, however...
Spin attacks consume no magic
You can use magical items with other magical items
But here are MANY of the things I DIDN'T like:
You only get one save file for some indiscernible reason considering the kind of Zelda game it is
Fairies are EXTREMELY rare; many jars that contained them in the original were removed, and furthermore, once a fairy is interacted with, or collected in a bottle in a fairy fountain, all other fairies will fly away, requiring you to exit and re-enter a fountain to continue recovering or collecting them in bottles
Reviving from fairies only restore 5 hearts instead of 20
Many enemies drops were changed, or just outright removed
Child Link's design (though is still quite adorable, I'll give it that)
Chest contents were changed to things that don't make a lot of sense
The bean plant in front of Dodongo's Cavern no longer provides the incredible time saving shortcut that made delivering the Eyedrops to Biggoron much much easier
Many enemies and hazards deal more damage, and extremely short to no invincible periods after taking damage
There is no Master Quest
Character naming is a thing of the past (though it makes a little more sense on a Voice acting standpoint)
The Lens of Truth looks stupid
Fish sell for 30 rupees rather than 100
Great Fairies require rupees for them to grant Link power
...Zelda Notes do not benefit the game at all
Collecting a 4th piece of heart doesn't do the heart container fanfare
Amiibos are largely useless: You can only scan Zelda ones, and to add insult to injury, can only be scanned once every 24 hours, and give largely unhelpful items that are situationable
Jumpslashes are impractical to use
ReDeads do not mourn other slain ReDeads (despite the description in the Hall of Fallen Foes claiming that they do), making it hard to escape or pick off a horde of them, basically making them a re-skinned Gibdo (which never mourned other slain Gibdos)
Link will not jump across edges automatically, you have to press X to jump
Also, the Harem PLOT joke no longer applies to this game, sorry!
My final word:
This is a great re-representation of Ocarina of Time, but it isn't as good as any version before it! It doesn't even come close to being a definitive replacement to the versions before it!
There were many improvements over the originals, but the regressions just far outweigh the positives!
Is it a great game overall: Yes!
Is it a great game for Ocarina of Time veterans: Yes!
Is it a great game for those who have never experienced Ocarina of Time before: Yes!
Is it a great game for those new to Zelda: Probably! I would probably recommend Awakening for those new to the Zelda franchise!
Can it replace the originals and be called a definitive version of Ocarina of Time: I won't speak on behalf of all Ocarina of Time veterans, but for me, no!