The Standard Lure is the default lure equipped to the Fishing Rod Link receives from the Pond Owner in Ocarina of Time. If Link finds the Sinking Lure, he can choose equip it to the rod and use it in place of the Standard Lure. Unlike the Sinking Lure, the Standard Lure is completely legal and its use is encouraged within the Fishing Pond.
In the 3DS remake of Majora's Mask, Link can choose between the Standard Lure and the Sinking Lure he goes fishing at either the Swamp and Ocean Fishing Holes. Since both lures are considered legal in Termina, generally certain fish are more susceptible to one lure over the other (this was likely done due to the fact the Sinking Lure is considered legal). The Standard Lure is generally suited for catching fish near the surface or in the shallow water.