The 50% rule is what I go by (i.e. recognizing the source tune being referenced/arranged for at least 50% of the duration of the track). That means for a 4:25-long piece, I needed to make out VGM usage for at least 132.5 seconds for the source material to be both "identifiable and dominant" according to OCR's Submissions Standards.
:11.75-:36, :40.5-:47.5, :51-:57.75 ("Outset Island" cameo from flute flourish at :54 of that song), 1:01.5-1:05.5, 2:30.75-2:35.75, 3:08.5-3:16.25, 3:18.5-3:25.75, 3:27.75-3:29.75, 3:36.75-3:43.25, 3:46.5-3:55.75 = 77.75 seconds or 29.33% overt source usage
I may be short-changing this some due to some variations I'm not recognizing, as well as not counting any source usage gaps longer than a second, but I tried to be as generous as possible. Even some interpretation and freestyling originally grounded in the source seemed to veer way off, so I wasn't even anywhere near the looser timestamping Gario had. The entire middle not having any VGM references was silly (in the context of the arrangement standards); it couldn't have been hard to integrate some other references to the Kokiri theme or other Zelda themes.
So just short and sweet, the track is a vacuum is enjoyable, well-performed, and well-mixed. But I was also coming up very source-light when it came to the source usage. Unless I'm missing a metric ton of other explicit, A-to-B connections that can be pointed out to me, I can't pass this on source usage grounds. Again, cool track by Garrett and Jorik, but going this liberal falls outside of the Standards.
NO