I think its a young calf with lots of potential. Phenotypically I don't see any faults, very well proportioned, enough bone, very well shaped hip, very stylish calf. I don't see her depth as a concern at this stage, you'll be able to tell more in another 4 weeks time, you don't want calves to look too short and stocky at 4 weeks, we are not trying to breed ponies anymore.
Her eyeset is pretty good for her age, heifer tend to develope a more bulging eye later so that might very well still change a little. Her eyelashes are close to ideal, good pigment although the pigment should ideally go down lower towards the "corner" of the right eye. I have seen this change and become more with time as well.
I would be pretty happy if she was born in my herd