World record in 01h 57m 26s by MarcoCategory on speedrun.com
You must complete the following objectives:
-Obtain all Spiritual Stones (Eg. Zora's Sapphire)
-Obtain all Medallions (Eg. Fire Medallion)
-Dispel the barrier in Ganon's Castle
-Complete the game by defeating Ganon
-Reverse Bottle Adventure (RBA) and Bottle Adventure (BA) are banned.
-Get Item Manipulation (GIM) is banned.
-Timing starts when selecting "Yes" on the file select screen
--Timing ends on first frame of any cutscene that naturally occurs after final hit on Ganon.
If defeating Ganon, this is the first frame of the final blow cutscene
-1.0/1.1 Virtual Console or GameCube injects are banned
-You must use Project64 1.6 or 1.7. All other emulators and versions (such as Mupen64 and Project64 2.0+) are banned.
-You must use the default settings for emulation. (eg. Changing the graphics plugin to do GIM is not allowed)
-Tricks and glitches exclusive to 1.0/1.1 cannot be used on emulator to save time.