As you may not know, I have ALWAYS played as the red costume for Captain Falcon, since the original Smash.
That's because it's the closest thing you're ever going to get to playing as a true clone and villain from the F-Zero series, Blood Falcon.
Seriously. If they actually made a clone moveset for him then WHY waste it on Ganondorf?! DX
Heck, Melee and the rest of the games even go as far as to place the proper Blood Hawk logo on his back.
Shit, since certain characters have complete model changes, Alph and all seven Koopa Kids...they could have at least given Falcon the spiky shoulder plate and the skulls all over the place. XP

EH...The F-Zero series need so much more love. DX