Direct Link with permissions intact sharing should not be under something other than "Share".
This is something that we have considered in the past and something we plan to invest design and UX energy in in the short-term. The challenge with our previous design attempts has been in not confusing the user on the meaning of the two different types of links.
I strongly agree with this suggestion. My users are constantly using shared links when they should be using direct links. This disrupts the intended workflow since the receiver starts dowloading files instead of working on it "online". Its proven hard to teach them the difference, and I suspect this is partly do to the odd location of the direct link.
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