I like this, but I think starting on a already started/completed save file would be better because you could use badges like Jet Run early on otherwise the run is a glorified any% that ends in shining falls.

Another thing that should change is that it should be timed like how the single segment runs are in Super Punch-Out!! so only the in-game race times count toward the timer

Sword%, be the first to get any sword in the game