I personally think they would move her Down B to the neutral B move (possibly making it so Toad would be able to become playable, too) and make her down B three of her transformations from the game, with slight differences in her moveset compared to Pyra/Mythra as well as Zelda and Shiek in the past.
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CannonStreak
CannonStreak
Or they could just add her transformations each as an alternate costume for Peach.