I cannot use my jolt against the level of Falco's that i play, they would just laser and reflector combo me to oblivion if i even thought of spamming them with jolts. The jolts have very low priority as well, so i only use them in stages like Corneria, Peach's castle, and my trump stage, Fourside. Final Destination and Battle field are a no for Jolts.
Falco is a character that has more priority than Pikachu, so you cannot rush recklessly into an attack. During a battle with Falco is mostly uphill, you can't get far away from him because he lasers you to ****, and you can't stay close to him because of his reflector, so you have to position your self and wait for a right moment to attack, but when you do attack, it has to be effective, making sure it links into other combo's. Keeping falco off the stage is the key to killing him, a good edge guarding Pika won't have much trouble against Falco, but it will still be an uphill battle. It depends on the kind of Falco you're playing though.
And yes, wavedash is a MUST for Pikachu, his positioning is done mainly by wavedashing. Wavedash link's combo's so well with Pika. Considering his short range, wavedash positions him in the correct distance for an attack, i mostly use wavedash offensively during a combo. Everything with Pikachu has to be done instanctly, you can't give the opponent time to breathe.
Your guide its not perfect, i did see some flaws, but you pointed out the things that needed to be said. Instead of putting aside some of Pikachu's attacks and saying they are useless, like a lot of Pikachu player's do, you actually pointed out the uses for those attacks, but i do agree with you that Pikachu's forward throw is mediocre, i personally never us it unless im trying to throw someone off the stage.
If you are trying to correct something or you want to add something to the guide, i would be glad to assist you in finishing this guide, maybe i could help you add a combo section and discuss Pikachu tactics, if you are interested in discussing Pikachu's so we can learn something from each other's Pika, feel free to AIM me at RedEternalDragon.