All this recent discussion is interesting to me as I didn't watch much of GL (at all) during 1987 and 1988. (The Paul Valere/Alan/India art scam was so bad that I had to ditch the show. That and everything Reva.)
IMO, no triangle GL could dream up during that period could surpass the story opportunity/clash presented by the following pentad: Alan/Vanessa/Ross/Holly/Roger. The dynamics of those five operating off each other makes any triangle superfluous.
Did Vanessa and Holly have scenes together prior to MG's departure in 1981? I assume not. If not, they certainly would have been aware of the other's existence.
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Speed Racer ·
Guiding Light Killed The Bauers
Young and The Restless let The Fosters and Brooks disappear
Days of Our Lives Had The Hortons but they nearly disappeared, The Andersons The Same
So Let's discuss how soaps commit suicide by Losing their own base losing they're core families