Brother, it depends on you. I have studied in a residential school. You might miss your family at first but you will adjust. And you will get a bunch of friends whom you will never forget. You will be more focussed on your studies. Most importantly, you will enjoy your studies, games, lunch, dinner everything. But you need to adjust first.
And I am not telling from imagination, I have experienced it. I have stayed at home with family till i was 10 years old. Since then, I have been staying in hostels.
Remember, at first, it will be difficult, staying away from family. But ultimately you are gonna thank your parents for that.
Parents don't send their children to residential school as punishment. They love you. They have to stay away from you. Now you may not understand their pain. They do it so that you could have a bright future.