The family dynamic after the dust settles and the initial adrenaline from Odysseus returning and the subsequent events wears off would be so fascinating to explore, that's a whole other avalanche of emotions for everyone to deal with.
With Telemachus specifically, I think he'll reach his breaking point soon enough, despite perhaps trying to keep the composure of the prince he thinks he ought to be - he's gone onto his coming of age journey, and now also got his father back and the suitors are gone, everything should be great, right? Wrong, because you can't just evaporate the trauma and the negative feelings that were piling up not just for years, but basically your whole life (and particularly the most formative years) when you get the 'happily ever after'. It all would still be there and now that Telemachus is no longer in survival mode all that anger, grief, sadness and fear are going to explode in his own and his parents' faces, who would also be dealing with their own traumas at the same time...
As much as I like to see happy family fluff for these characters after everything they've been through, this kind of additional angst would probably make more sense in their situation. The things they went through have left marks that can no longer be ignored when there's finally peace around them. There are so many wounds to be healed and it's not going to be a painless process.
Also, I think something that kind of gets forgotten is that the suitors and Odysseus' absence weren't the only major stressors for Telemachus and Penelope (I myself haven't thought much about it until recently)
Telemachus has seen his grandmother die of grief and his grandfather subsequently leaving their home because that new blow was too much for him to handle (and then potentially the rumours of him going mad, that would very much not be pleasant to hear), and iirc, that happened near the end of the Trojan war, so Telemachus was still a little kid. Sure soon after that there came good news of the war ending and the anticipation of Odysseus' return, but years went by and there was basically no information of his whereabouts or whether he's even alive.
The suitors came around 4 years before the Odyssey's events and the situation got progressively worse (that being Telemachus' late teen years and early adulthood). Aside from there being a slight chance of Penelope marrying one of the suitors, there's also the notion that she could also leave back to Sparta and marry someone there (as Telemachus himself mentioned, iirc), and Telemachus would be left almost completely on his own and with no older family members, who held any power to protect him, being present.
Penelope as well was basically left without a proper support system with her birth family far away and her in-laws not being able to help her through her struggles. Laertes in particular, were he in a better state, would've probably been able to help handle the suitors quite effectively.
In addition to what the post above already said, for Telemachus even more conflicting feelings about Odysseus being dead or alive could arise from Anticlea's death and Laertes' grief, like simultaneously blaming Odysseus for dying, because the rumour of his death is what caused that, while also being resentful, if he's alive because then why wasn't he here to prevent Anticlea's death and Laertes' grief and departure, etc.
I really wonder what teenage Telemachus initial reaction to Penelope weaving a burial shroud for not yet dead Laertes would've been...
Even if she were to explain to him that this was a trick against the suitors, the notion of her making that specific item would have been a lot to process after all that grief
Imagine a 16-17 year old Telemachus having a meltdown one night and actually contemplating (or even attempting) to destroy that shroud and all it symbolises... And being stopped by either Penelope or Eurycleia because that might cause too many additional problems they can't afford to deal with (but in particular because Telemachus would be the one scrutinized for it and they don't want him to go through that in addition to everything else)
Eurycleia was basically holding Penelope and Telemachus' mental health together as much as she possibly could in her position
The honorary grandma stepped up
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