Results:
1st Kazooie 03:03:48 (1428 → 1460)
2nd Librari 03:27:21 (1365 → 1389)
3rd sockfolder 03:34:42 (1268 → 1293)
4th voln 04:47:34 (1250 → 1259)
Kazooie did a 4/1, collecting the Kokiri Sword and then completing the Deku Tree, Dodongo's Cavern, Forest Temple, and Fire Temple(!). Kazooie hovered up to the Forest Temple like it was nobody's business and defeated Phantom Ganon with the Light Arrows from the any% RBA. He ended up RBAing the Fire Temple boss key and then BAing the Megaton Hammer. How bizarre.
Librari did a 4/1, collecting the Kokiri Sword and then completing the Deku Tree, Dodongo's Cavern, Forest Temple, and one other (I forget)
sockfolder did a 4/1, collecting the Kokiri Sword and then completing the Deku Tree, Dodongo's Cavern, Forest Temple, and Water Temple. He BAed the Longshot a few times and was on track to win but died to Morpha twice (even with 2+ fairies).
voln did a 4/1, collecting the Kokiri Sword and then completing the Deku Tree, Dodongo's Cavern, Forest Temple, and Water Temple. I don't remember much of his route. :/
Samura1man edged ahead of the competition with a 2/1 rather quickly but then got stuck at the hover up to the Forest Temple and .quit after about an hour of low%-MSTcore hovers.
joe would likely have won roughly two hours in had he not accidentally opened a 200 rupee chest in Kakariko and then was forced to reset to his last save, losing 45 minutes of progress. He never recovered.
For those wondering, 3/0 was not possible (TASers are welcome to challenge this). How was the race? I look forward to hearing Kazooie and Librari's full routes as well as the one Grunz thought up.