The timeline I go with is this:
Link I:
Ocarina of Time
Majora's Mask
Link II:
The Wind Waker
Four Swords
Link III:
A Link to the Past
Link's Awakening
Link IV:
Oracle of Ages
Oracle of Seasons
Link V:
Legend of Zelda
Advanture of Link
I think WW and FS go together because of Link's personal appearance. Look at each game's official art. Both have Link with a green tunic, lighter green sleeves, and white pants. Even the medallion on their belt is the same!
Some people put LA after Oracle, but when you think about it, this doesn't make sense. It was the Hyrulians, not the Holodrumians or Lybrannians or whatever that were concerned about Ganon's ashes. Also, Link met Zelda for the first time in ALttP, and mistakes Marin for her in LA, because he remembers Zelda but not too well.
Also, this timeline fits together because each Link has 2 adventures. No one Link is more significant than another. Also, each pair of games one Link is in were released subsequently. MM was right after OoT, WW as right after FS, LA was right after ALttP, OoA and OoS were released at the same time, and AoL was right after LoZ. That's it for me.