The tour is in my town currently, and I've seen it twice. The candles come up through the floor, and the candleabras (sp?) come in from the wings. I've only seen POTO on tour, so I can't say how much it differs from the Broadway production. Everyone I know who has scene both say the only difference is certain set pieces look a little different. But yes, the Phantom rides the Angel down, and the Chandelier crashes.
If I'm not mistaken, the size of the cast on tour is a little smaller than the one on Broadway, but I could be wrong. The current tour cast is quite good. If you can, see Sarah Lawrence as Christine, verses Marie Danvers. Both were great, but I thought Sarah was a better actress.
"If this is going to be a Christian nation that doesn't help the poor, either we have to pretend that Jesus was just as selfish as we are, or we've got to acknowledge that He commanded us to love the poor and serve the needy without condition and then admit that we just don't want to do it." -Stephen Colbert