You might be okay with the 11:30 arrival since your budget is high. I was there a few weeks ago on a Saturday and they offered at least six premium tickets ($529) which most people pass on. So that day they went to the 15th person and her friend, the 20th +1 and the 22nd person in line (and he definitely got there later, probably lunch time) All the earlier line positions passed, hoping for the $200 or $40 seats closer to show time. So I would definitely give it a shot! Good luck!<
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Hamilton Cancellation Line
That's true 
Hamilton Cancellation Line
I'm sitting in line right now. Hard to tell how many because people come and go but it's pretty packed. We got here around 8am and it looks like about 20 ppl ahead of us (first ones got here at midnight!) but each of those people could conceivably get two tickets so it's not looking good for 2pm. But I think several people are not staying for evening cancellation line. So who knows!
UPDATE: I've been in NYC a few days and here's what I've learned about
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