You can get quite a few good bedtime stories out of it, if you tone down the gore so the kids don't get nightmares - Circe, Polyphemus, Aeolus, Scylla and Charybdis, the sirens, the Trojan horse ...
20 years later I’m in grad school and I meet some classicists. It seems basically every one of them had that book as a kid. Maybe I missed my calling
Just like with music, "the best" is often the things you experience in your mid-teens to mid-twenties. And when you grow up you'll develop some more critical thinking and may appreciate older or newer things.
Not all summer blockbusters are created equal.