Toon Link needs a complete makeover from what he is. After chatting with Pin, I've got some points to make:
Trap arrows need to be redone, because they serve little purpose to him as anything but an annoyance now, both to the opponent and to the player. Due to the random elements of the arrows, there is no true way to set up for anything, cause you're only left to pray the RNG gods grant you a favor in the form of the arrows you WANT. Not only that, but only the stun arrows have any real use. Fire and ice arrows counteract each other and make it impossible to use them effectively, and fire arrows lack any kill power at all below like 200%. And, ice arrows by themselves are near useless, as they only freeze the opponent for a brief moment and cause them to slide. They get out scott free unless TL just so happens to be next to them when it happens (SPOILER: it never happens), or he has a bomb ready to throw if he predicts they'll hit the arrow, and even then, there is zero stun upon breaking free, giving the opponent to act immediately upon release, making the point null and void to begin with (also they too have like no kill power outside of lucking a hit offstage).
The arrows are the only thing that feels "Minus"-y about him, and they don't work for him. The weak bomb spam is fine, but what else does he have? Nothing. His bair spam existed in vBrawl, his fsmash was changed slightly, and his dair doesn't flat out kill him offstage.
He desperately needs a makeover to make him fit in with Minus, and it has to be more than just arrows, slight move alterations, and Easter egg taunts.