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I recommend the Oculus. It has better image quality, and is better supported by Dolphin. It is also $200 cheaper than Vive.

There is a detailed guide to how to set up Gamecube isos properly in Dolphin that I posted some time ago. It was focused on Metroid Prime but works fine for the Gamecube Zeldas too, they just have different patches you need to activate to make them display correctly compared to Metroid. It is much easier than it sounds.

You are my new best friend=)

Aint no thing but a chicken wing, my dude. (⌐■⌣■)

Is there anyway to get zelda in fps mode much like the steam home versions?
Also using the touch controllers or is that too much to ask :)

I don't think so.