Setup
Installs into AppData\Local\OoT Recompiled, or a folder you choose, with a Start menu entry and a desktop shortcut if you want them. It is listed in your installed apps, and once you allow it, it fetches new versions and installs them for you.
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Run the installer
OoT-Recompiled-(version)-windows.exe. It asks for no administrator rights.
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Choose the folder
It suggests AppData\Local\OoT Recompiled. Browse puts an OoT Recompiled folder inside the one you pick; a path you type is used exactly as typed.
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Choose the shortcuts
A Start menu entry and a desktop shortcut, both ticked to begin with.
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Install, then start it
Start it from the last screen, or later from the Start menu.