Maybe. As long as they keep the essence of what made Ocarina of Time great in place, it'll be good.
I do think there's more room to fuck it up, than to make it better though haha.
Discussion
Have you tried playing ocarina with n64 or 3ds AFTER playing TOTK because I have and even though it’s the best game ever made, it’s hard to play with the graphics. Maybe I’m just too high maintenance or something. It’s just not the same playing it these days
I haven't played it in a while, but I do play older games, like Monster Hunter 4U, FF7, Zelda Link's Awakening, ect.
The last time I played Ocarina was on the 3DS, and they did redo some of the graphics.