The word "Prince" is also generally used to describe males of royal blood, not necessarily members of the nuclear Ruling Family. All those of Turgon's House in Gondolin could have been referred to as Princes, due to their relationship and close association with him. If you look at it that way, then there are probably plenty of people to compare Maeglin to. Since the Elves set much store by craftsmanship and skills like that, a craftsman like Maeglin would be accorded much honor, and would be considered great. Perhaps he could have been second to Turgon, since he was the closest relative of Turgon there (except Idril).
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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