I think it was good that Nintendo didn't add a magic meter in
TP. I was disappointed at first, but why have it in the game? It worked without it and it was a magnificent game nonetheless.
As in the past Zelda games, sometimes you had to be so reliant on your magic meter, that if it was to run out, then it's simply bad luck if you're stuck in a battle that will surely get you killed without any use of magic.
ALTTP was too reliant on the magic meter. I found that frustrating. But even if they did add the magic meter in
TP, then that's fine.
I'm good either way really.