Just to pick at some nits, but the 2000 movie was not a version of Gayle Edwards West End production, but of the Broadway revival that was mounted at the Ford (Hilton) theatre (well, rather it was based on that production) the West End Gayle Edwards production was more "period set specific" (1996 at the Lyceum theatre) and much better than what you see on the DVD.
But yes, I do not consider the DVD to be a remale of the Movie since it was never a cinematic release.
ANyways, back to the 96 production at the Lyceum, it wasset insomething like a Roman arena with an amazing almost "in the round" set by John Napier, they even had onstage seating up at the back of the stage. They were also allowed to dismantle the proscenium and the side boxes to get more room.
http://www.flickr.com/photos/27199361@N08/ Phantom at the Royal Empire Theatre