Ok really tho
You get very little from baiting out any hitboxes (endlag on SH Fair/Bair? pls), and just because you know where they are doesn't mean you can know which she's going to throw out. They're all very quick and hard to predict against a good Zelda. And this 45 degree angle stuff is silly because it's not like she can't read your jump in from a mile away and SH back and BAir/FAir you. Or Nair you.. or whatever she decides to do.
Her effective range is frankly ridiculous. And she doesn't have to try to keep you out, she's contempt with just pressuring you from a distance, often forcing the opponent to back off in some situations to leave her effective range. Essentially, she can go in while simultaneously keeping you out.
She can easily bait and punish bad defensive reads (Rolls, Spotdodges, Airdodges, Shields even) from almost any distance, of which you have to make several of while approaching. You should only get an opening if the Zelda player makes a mistake, and for every opportunity you get to get a hit on Zelda she should have had several more opportunities to get a hit on you. As previously stated, she's not shy in the damage or KO potential departments, so that's ludicrous.
She's not that hard to pick up and easily shuts down a vast number of the cast. We're talking some seriously unwinnable shit here with some characters while others have at best a really tough time. Characters like Fox, Lucario, Wolf (to an extent, his approach on her is far too predictable) etc. with an easy-in option are the only ones who can really give her trouble, I'd say Lucario beats her flat out even. However, if you're playing a set with someone and they have an okay pocket Zelda your options have slimmed significantly and you're forced to stick to characters who are safe options if the opponent counterpicks Zelda after your victory.
That's not fun. Even if you're the Zelda player.
Like I said earlier, I'm not calling for nerfs in the slightest. (If anything, I'd like to see her stupidest MUs just evened out) But arguing that she's not one of the top characters is just silly to me. But I guess that's just like my opinion, man.