I actually disagree. Not only is it far from the best seat in the house, but the view is just not great. The stage there is very low, so the front orchestra is very strange.
The best seats in the house at Studio 54 are in the front mezzanine. Particularly for this production, you will want to be farther back so you can appreciate and really see a terrific view of all the tableaus, projections, and lighting. Don't sit on their laps...move back.
"If you are going to do something, do it well. And leave something witchy."
-Charlie Manson