Steam
Smash Hero
you can but your options are extremely limited and risk reward is against you a lot :/.I have never heard anyone say this, but I feel Falco's shine is out from frame one and will continue to reflect until the very last frame of cooldown lag. With that in mind, Falco can SH/FH with his reflector out. With a continuous stream of reflection and the ability to move, so long as falco keeps his reflector out, I do not think there is any legitmate way to hit falco if you have an item on hand. Unless you can get around him to hit his blindsides.
Relectors still do break this stage