Really good stuff there Ashingda, great update! I love the new down B for magic Ganon. and i fully support the float ability (for recovery or not, its cool either way). Also the Nair "feels" a lot better and the Bair and up-smash are awesome! good stuff all around.
On a side note- I've been playing with sword mode A LOT! and its really fun using him and i really like the small tweaks in the most recent update. Only a few suggestions; the AA combo doesn't "feel right" don't know how to explain it's just off... maybe have him advance a very slightly while doing the sword swing? Or maybe forget the combo all together? What about just using the Brawl forward tilt Sparta kick animation (or the PM one, i suggested the brawl to change it up from Fist mode) with a weakened knock back to match or be slightly stronger than the PM jab?
Up-B is great fun but i truly believe a second Teleport wont be op since we lost the original down B recovery, perhaps have the second teleport just be half the original as it stand now it's a little on the short side.
also Neutral B is fun to use when it lands, but what about some armor on it? it feels a little lacking as of now.
(I've been playing with my brother's/friends who are on my level of play so my suggestions are based on that, not on playing CPU's)
I have an observation that I'm not certain was intentional or not; is Wizard mode based around OoT Ganon and Sword mode based around TP Ganon?
OoT Ganon was more of a wizard during his fight and threw a projectile and did the famous ground punch, and TP Ganon was a swordsman (he only used a projectile while possessing Zelda) and was teleporting around.
If this is the case please keep the teleport on Sword Ganon (I do like it there) and perhaps have Wizard Ganon Up -B change to a hover (like he does in OoT) for a strong horizontal recovery but a weak vertical one. Also could you have Sword Ganon teleport have the twilight teleport effect/design? Like whats above Eldin Bridge. This is probably impossible and im sure isn't a priority but it would be really cool.