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Yes, they are (possibly) more than Island Level.
This is a point I brought in the other threads but it was possibly glossed over or simply didn't noticed it. We know Skull Kid sealed the Four Giants so they wouldn't try to stop him. What I propose is that the Four Dungeon bosses could be scaled to them, as they are needed to keep them confined. In Anju's Grandmother story, we learn that the Giants told the people of Termina to call them when they were in trouble, and even that one time they did when the Skull Kid (before having the mask) was pranking everyone, feeling alone. So, is extremely likely they tried escaping the seal, but the Four Dungeon Bosses didn't let them. Odolwa, Goht, Gyorg and Twinmold should be as powerful as each Giant to do that. This is something that even makes sense, given that Twinmold fights "Giant" Link.
This last thing might be countered by the fact that Link needs the Giant Mask in order to defeat Twinmold but not the other bosses. But, the problem in that fight is reach. And even then, he doesn't obligatory need it, as he can defeat them using the Light Arrows (same arrows that can hurt Moon to Planet Level Ganon. Think about that for a moment.)
You might say that they are in the temples simply to do Majora's mischief (poisoned waters, freeze the mountain, etc), but Majora could do that without them. And even, we know of multiple examples that it actually did some pranks by itself (the rock blocking Milk Road, Kafei's transformation, etc).