Mister Matt said: "Yes, I saw the tour. The new staging wasn't quite as hideous as the original, but the song itself is just as bad as before, really. Adding the Phantom bits just made the parallel structure of the two shows even more on-the-nose. The melody of the tune is clunky, the orchestrations are overbearing, and the book becomes too ridiculous at that point. It couldn't be fixed with a few tweaks. It needed to be burned in a dumpster and the entire scene should have been completely rethought and rewritten."
I didn't see the tour, so I can't speak to how the staging is different from what's on the filmed version, but I just listened to the "2018 studio cast" recording and I think that the rewrites on that song that are on that recorded version are a step, or several, back from what was on the concept recording and the filmed Australian production.
I agree with you, Mister Matt, that it should have been scrapped completely. That song was unsalvageable.