I think you go a little too far with the sleeping body thing(or at least parts of it), but otherwise...yeah, sounds like a fair explanation, except this one thing...

I've assumed that Ganondorf doesn't know he has the ToP. This would be supported by the way the execution scene in TP is shown. The sages are utterly surprised by Ganondorf's ToP, yet shouldn't they know about it if Link and Zelda told the king and all? Wouldn't Ganondorf be as good as impossible to catch in the first place? Or maybe he wasn't able to use the ToP for some odd reason?

__________________

THIS IS THE HUMULATION ARMY!
Colonel Hombre, leader of the Humulation Army, the most powerful group on ZU. Join now!