False.
Next person knows about these restrictions:
-3 hearts, no Heart Pieces whatsoever
-Buy Giant's Knife and break it ASAP, and use that at all times (except in the
Graveyard and while fighting Ganon)
-All Medallions
-1 Bottle
-No deaths (death counter at file select must say 000)
-No Iron Boots
-No capacity upgrades
-No Great Fairy gifts except Magic Meter and Din's Fire
-No Gold Skulltula family gifts from 20 or more Gold Skulltulas
-No Goron Bracelet
-No Fire Arrows
-No Lens of Truth
-No Longshot
-No Silver Scale
-No Zora Tunic
-No Gerudo's Card
-No Maps or Compasses
-No Biggoron's Sword
-Cannot use Action Replay, Gameshark, etc.
-Cannot use Crooked Cartridge (touching your game cartridge while playing)
-Cannot use Din's Fire outside the central room of the Water Temple
-Cannot use Megaton Hammer to attack enemies (exception of stunning Volvagia)
-Cannot use Megaton Hammer outside the Fire Temple
-Cannot use Deku Sticks to attack enemies
-Cannot use power crouch stab
-Cannot use bottle except to show Ruto's Letter to King Zora
-Cannot learn any songs except Song of Time, Zelda's Lullaby, and Minuet of
Forest
-Must have Shadow Medallion before entering Forest Temple
-Must fight Dark Link
You must burn your Deku Shield ASAP. You may not equip another one. You may not
obtain a Hylian Shield as a child, but you may obtain a Hylian Shield as an
adult. You may only use a Hylian Shield in the Graveyard. Aside from that,
while you have a shield equipped, use it as little as possible and destroy it
quickly. After completing the Spirit Temple, equip a Hylian Shield and let a
Like Like eat it so you can continue without a shield.