I speak also as a gay man under a certain age (24), and I have to say that while Arnolds story isnt necessarily a monolith of the gay experience, there is more universally to be found within the layers, such a finding your chosen family when you go out on your own, realizing your worth in the world when you feel the world hates you, and reconciling yourself against problematic family members.
I think the biggest issue that ultimately squelched TORCH SONGs success was that it just wasnt Star-driven event, which is a remarkably sad thing because I was able to watch the whole cast grow in their roles over three separate trips, and now I cannot imagine anyone else in those roles. (I personally want a Masterpiece Theatre recording of this.)
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