Is the Dragonborn allowed to summon? in believe a master of Conjuration you can summon 2 minions if i'm correct. With his Shouts the Dragonborn can call upon 2 dragons IIRC.
Yet you seem to want to give Link things as a permanent boon with the Magic Armor, which isn't part of the actual story or lore and, as mentioned, requires Rupees for use. Link would need an infinite number of them, and since it'd be impossible for Link to actually hold that much, then he's limited to what he can personally carry (the same rules apply to the Dovahkiin, ie can't carry millions of lbs of items and walk around for claims of class 100+ strength). Let's try it this way. Say Link has a Thousand Rupees with Magic Armor. Can stave off 1000 points of dmg. Dovahkiin can pump out around 100dmg per blow, +5dps if Link tries to go for melee with the Ebony Mail. It wouldn't be long at all before the Magic Armor goes kaput and Link becomes even more vulnerable than normal.
@Yusuke52: Are you seriously bringing up breaking your character using console commands and god mode and using that as an arguement...? That's ridiculous.
Also, Link can only deflect spells with the Mirror Shield. There's a chance he can bounce them back, but it's not definitive and Dovahkiin can just as easily evade it. Yet still Dovahkiin has spells that don't have to directly hit Link to cause harm. Shoot a Fireball at Link's feet and the explosion will hit him. Can't reflect something like that.
Anything Link can pull out, Dovahkiin can knock from his hands, and then beat his face in with armored fists.