I don't disagree with either of your points. I personally think the advent of "premium seating" was a greedy and threatening idea which seems to be developing into something rather frightening. Ticket prices are way too high for a lot of shows, and ther really ought to be other options such as rush and lottery tickets. It is my hope that some of these options will become available as the run continues, because ACL needs the business of the newer generation who might not be able to afford $111. These are the folks who have no experience with the original production, which I agree is near impossible to replicate. Still, they haven't by any means butchered the show and it is material that really does deserve an audience. People need to be aware of the show and, maybe more importantly, the pivotal work of its creator. The comparisons are unavoidable, but I'd say it's better to have stuck close to home than to have tried some sort of big re-invention of the piece ala John Doyle.
"The last train out of any station will not be full of nice guys."
- Dr. Hunter S. Thompson
"I wash my face, then drink beer, then I weep.
Say a prayer and induce insincere self-abuse,
till I'm fast asleep"- In Trousers