After a few months of OoT having Arbitrary code execution, its finally confirmed possible in MM too. Big shoutouts to Seedborn finding this. Watch his ACE explanation video here https://www.youtube.com/watch?v=xb9yijgukak (the video shows it off in a different place but is still the same concept. Another video showing the observatory method can be found here https://www.youtube.com/watch?v=El47iOS2fzQ)
This run is only possible on JP N64. Both 1.0 and 1.1 JP can do ACE, but currently only 1.0 has a full setup (1.1 setup is being worked on). Because I don't have a JP 1.0 N64 cart, I'm playing this on Everdrive which isn't legitimate for the leaderboards. I should be getting a cart soon though.
Follow me here:
Live at: https://www.twitch.tv/zfg1
My discord: http://bit.ly/ZFGDiscord