Given that Link kind of looks effeminate and the fact that Link is almost always a different hero throughout time making a Zelda game where Link is a female would not be disrespectful to the Zelda lore.
It would also be interesting in the scenario to make Zelda a guy with a different color.
Still, if people think it's a bad choice for the Zelda series I'm not saying it's wrong to think that way.
This is the Game of Thrones
Where you either win
or you DIE