That was a really long menu. I do use "Save Link As…” when the link is obviously a file to download and I don't want it in the default folder.
I think that I never used “Set Image as Desktop Background…” in all my life. That's a very narrow use case to get its own menu entry.
Incidentally, “Save Link As…” is mislabeled, because it doesn’t save the link (which would be possible), but the resource the link points to. It still confuses me whenever I occasionally see it.
By that measure "Open Link in [...]" should open a text viewer showing the URL instead of retrieving the resource that links points to. I rather have the current behaviour.
I’m not arguing for changing the behavior, but for changing the label. Safari uses “Download Linked File”, which makes much more sense.
And I'm arguing that this term is used in exactly that meaning everywhere and is the expected use of the word "link".
I disagree that this is standard usage. Saving a link is like saving a bookmark.
Random examples:
https://www.wikihow.com/Save-a-Link
https://www.quora.com/How-do-I-save-a-link
https://superuser.com/questions/996482/how-do-i-save-a-link-...
https://apps.microsoft.com/detail/9mwkwnzd0l4n
https://www.oreateai.com/blog/a-simple-guide-to-saving-links...
https://support.mozilla.org/en-US/questions/898834