TL can arrow you arrow us out of phantasm, which can really mess up our recovery.
Jabbing arrows and boomerang ain't efficient, since TL can always just airdodge> hookshot, which will go through jab (and reflector if you try to hit him with it... )The best option is to powershield, THEN jab.
You never want to be in the air with TL down, he will throw up a bomb to force an airdodge, which will be a stock by either usmash or uair at high%; or he will catch you with an utilt to reset, or even up-b, though that's pretty unusual and you can DI out. If you let the bomb hit you, he can uair you during the hitstun.
Also, when we are at kill %, TL can just draw a bomb, jump over us and throw the bomb down, which will lift us up in hitstun, which leads into uair/fair, which takes the stock; watch out for that situation.
Also, beware of that bair string (which we can dodge), and remember some TLs start it by utilting first.
Lots of TLs quickdraw out of everything they do (the no-so-good ones), so check out if he does, and punish by powershielding.
His bombs go through everything, so don't you try to jab them please.
Remember he can hookshot holding a bomb, don't be fooled.
If he is holding a bomb, he's really dangerous, he has a lot of options, including invincibombing, which is really nasty.
In the end, we must be really careful in this matchup or TL will rip us apart, but it's in our favor once we get in CQC. Also, if the TL ain't that smart camping you can counter-camp and force and approach, which makes the matchup easy. 55-45 falcos favor imo.