It would've been better if Harry's maternal grandparents had been in his life for a bit. But if J.K. Rowling needed Harry to be an abused orphan to make the story work, it might've been better if both of Harry's grandparents had been still living for some time after Lily's death and then they pass away either together or separately in the interim years between 1981 and 1991 ... I imagine them to both have passed away by the time Harry and Dudley are 6 years old.
It would've also been better if Baby Harry was raised by his grandparents because I always wonmder and worry about what the Dursleys did to him and how they treated him as a baby in the original story.