I think I may have figured out where Termina is in relation to hyrule, as an actual country and not an alternate dimension
Look at the bottom right corner of the map, I know things changed in the 3ds remake of the map, but I believe that this green patch in the bottom right corner here is the lost woods/Kokiri forest, compare this with this map of hyrule
The shapes of the two areas are similar but the Hyrule map is a little less detailed
Possible spoilers ahead
When you go back inside the clock tower the staircase downwards takes a turn but then takes another turn southward, so in the direction of woodfall, the twisting and turning hallway might be longer than we think, so when we reach the withered tree/deku butlers son, the path takes a southern direction but is angled east when taken into perspective, so in my opinion, the Southern Swamp might be the closest thing to the lost woods
Let me know if there is anything I messed up on, I only put the two maps to compare as I didn’t know where I could find photos for the other locations like inside the clock tower and the underground forest cave at the start of the game. Also this is possibly outdated because of the new map in the 3ds version, but I think I remember that the blank map for termina keeps this specific corner of the game around even when you don’t have the wood fall map (Only applies to the n64 version btw)
Look at the bottom right corner of the map, I know things changed in the 3ds remake of the map, but I believe that this green patch in the bottom right corner here is the lost woods/Kokiri forest, compare this with this map of hyrule
The shapes of the two areas are similar but the Hyrule map is a little less detailed
Possible spoilers ahead
When you go back inside the clock tower the staircase downwards takes a turn but then takes another turn southward, so in the direction of woodfall, the twisting and turning hallway might be longer than we think, so when we reach the withered tree/deku butlers son, the path takes a southern direction but is angled east when taken into perspective, so in my opinion, the Southern Swamp might be the closest thing to the lost woods
Let me know if there is anything I messed up on, I only put the two maps to compare as I didn’t know where I could find photos for the other locations like inside the clock tower and the underground forest cave at the start of the game. Also this is possibly outdated because of the new map in the 3ds version, but I think I remember that the blank map for termina keeps this specific corner of the game around even when you don’t have the wood fall map (Only applies to the n64 version btw)