What tier are James's vehicles? Jams Bond is only 9-A with Rockets, & CD-i Link is 9-A in AP & Durability. Higher with the Power Glove!
Link one-shots, & any attack BUT the rockets isn't even a match for his tier's durability, & those are limited in quantity not to mention only POSSIBLY 9-A. Not to mention, I doubt James will think to use them first; Why would he suspect a boy in green cloth wouldn't be killed by a few gunshot wounds?
Also, if flying vehicles count as him being in mid-air, Link can freeze them in mid-air with the Bell.
The only edge I see James having are flying vehicles, invisibility, skill, maybe intelligence, & weapon range.
And even if he did go invisible (Which Link can negate via the Lantern of Vision if he finds out about the invisibility, which James likely won't know about the 1st time at least.), hide outside of Link's range & start turtling with shots, he'll still be doing very low damage, tracking him or his vehicles is possible, & Link has a projectile-reflecting shield anyway.
One shot of fire/beam from his sword, bomb or stab or reflected projectiles, & James is dead, if not severely injured.
Link seems to have MUCH better chances here.