This seems fine. I don't understand the desire to have an overarching chronology anyway. It's pretty clear each game is its own world with little connection to the other series beyond recycling some of the same concepts.
It makes more sense lore-wise to just think of them as entirely separate universes with some direct sequels. Majora's Mask is a direct sequel that takes place in a canonically different dimension anyway so they already introduced the concept.
The majority if the reason it's significant is that Nintendo MADE it significant, by releasing that "official" timeline tying all the gamrs together. Then, the made BotW with a whole bunch of direct and indirect references to this timeline, and events in previous games. Then TotK threw pretty much all of that in the garbage.
It's interesting in the same way people pieced together a story for all of the Pixar movies. But they are just fan theories that are kinda interesting.