I think Link has quite the zoning game, and as for a comparison of him and Toon Link, I'll honestly have to tell you that Link is the superior character in multiple ways. Here are the reasons why:
1) Link's recovery is by far superior, as it has more vertical and horizontal distance, as well as less need on momentum due to his faster air speed. As well, his tether is far better, and his bomb jump is also quite useful compared to Toon Link. With Toon Link, he was given Brawl Link's recovery momentum, which effectively nerfed him; also, his recovery move does not carry much distance at all. It's highly advised not to use the Bomb Jump, as you will be stuck in the air, and if you're gimped, better give up now, it'd be no way to recovery as Toon Link.
2) Link's range and zoning are better overall, and some of his attacks are, by far, faster and more powerful than Toon Link's. Link's Dash is a prime example of being better, as it can KO opponents reliably, while on the other hand, Toon Link's Dash covers poor distance and is prime for punishing due to its longer end lag. Toon Link's ranged attacks, namely his specials, are also slower and less reliable than Link's.
3) Air game with Link is actually superior to Toon Link. As another part of the recovery move listing, Link's air game is also better than Toon Link's for a variety of reasons, including power, speed, hitbox and hurtbox placement and the ever-living fact of Toon Link's atrocious D-air, which goes through and meteors others near the beginning now. With Link, he can at least bounce off the others and can get out of D-air in time for recovery, but with Toon Link, they made this nerf to make Toon Link worse in air. Oh, and did I mention Link and Toon Link's air speed buff and nerf respectively? It seems Toon Link's air speed has been nerfed, to where it somewhat matches Luigi's in my eyes.
4) Ground game is far superior with Link. Going with 2, Link's ground game, thanks to his longer ranged attacks, is far better than Toon Link's. I think this one can explain itself as a whole.
5) Meteors and semi-spikes are more abundant with Link. Toon Link has two meteors and a semi-spike, those being his downward attacks; however, Toon Link's D-Smash cannot do an effective semi-spike whatsoever, since it links to the other part of the attack. Then there's Link, who has three (four if you count Meteor Bomb) meteors and a semi-spike; his three meteors are his D-air, D-tilt and Dash attack, while his semi-spike is his D-Smash at the back. If you dash, and hit right near Link's body, it will have a meteor hit and accompanying sound effect.
6) Edgeguarding is much better with Link, due to his longer attacks that can safely hit opponents off the edge; this is more prevalent with his D-smash, D-tilt, dash and F-tilt than any other attack he has. With Toon Link, due to his range, he cannot safely hit an opponent, though at least has the option of the Spin Attack on this.
So, it's safe to say that Link's going to out-match Toon Link, and that Toon Link doesn't seem to deserve his supposed high tier spot. Link trumps him in many ways, and I can admit, Toon Link does have some advantages, but the disadvantages are worth noting.
This happens to me quite a lot. I can actually use Link or Rosalina, and extend my life up to 170% (Rosalina) and 210% (Link), and can get an easy comeback. Rage definitely does help characters, especially since there are some that need it desperately. Quite the good comeback tool, especially with characters like Ganondorf.