To be honest, if a thing like this would ever be made I'd kinda like it if it was more like Dead or Alive because I like when these types of fighters allow you to knock opponents to other (usually lower) parts of the stage. Just, y'know, don't put such a focus on the jiggle physics as that's something I couldn't care less about, and we're good.
If not DoA then probably Soul Calibur-like. Soul Calibur II is the only 'typical' fighting game that I've really put a lot of time in. I can never get too much into Street Fighter, Tekken, any of the 'vs Capcom' games, Dead or Alive (despite enjoying aforementioned aspect of it) or even Pokkén Tournament. But Soul Calibur II, back then, really kept me hooked somehow. And I would say it was because it was Link, but while it was indeed Link that made me want the game in the first place, if it really was because of him then I'd also enjoy Pokkén Tournament for the Pokémon which I personally like even more than Link.
But yeah, regardless of what it would end up being, if such a game would come to be, I'd definitely check it out, but I can't tell for sure yet if it would keep me hooked. If it would have Yoshi playable though then
that would already help a ton for me.