I have always been a fan of Demakes. However, one thing that can really come back and bite you in the ass is using trademarked names when doing Demakes. I have a suggestion that may save you from anguish down the road. Retool the game, just enough, so it actually isn't titled Zelda, and doesn't use the exact names from Zelda. Enough, where a cease and desist and/or legal threats from Nintendo will be meaningless to you.
This would also make it much safer and easier for wider distribution, without fear of takedowns.
Grizelda's Adventure:)
Link's name in Japanese is Rinku, so you could go with something like Rinku-San or similar.
If you at all would like to embrace this idea, and protect this amazing project, i'd absolutely be on board to help you with the "name" changes, so things are differentiated enough to avoid any legal dilemmas.
I love when people put a lot of love into stuff like this. But, I have seen Konami, Capcom, Nintendo, take down quite a few projects over the last 20+ years, that I have amassed in my personal collection. But, those that did games in a more "Mad Magazine", satire style name, to avoid infringement, ended up being fine:) The companies may email them to take the games down. But, legally, not much can be done! It would be an empty threat, at that point!
Anyways, food for thought:)
Kyland!