Um... THAT is what makes no sense at all.
Zelda = Several individuals, generation by generation
Link = One individual changing into different entities
Why would Link undergo a "numerical" change after a change of gear or mutation into another entity? If going by Neph's "Ganon is Ganondorf's manifested hatred" concept, are you saying that Ganon should be called "Ganondorf II"? That "Infested Mido" should be "Mido II"? That a Darknut who ascended through the ranks from an Initiate to a Divine should be a "Darknut VI"?
...That the only reason we're arguing is to get our post count up to when we can get a signature?