I saw this yesterday, and I ended up thinking a lot about Mischief Theatre's Mind Mangler which I saw off-Broadway a couple of years ago. It was way funnier and had more interesting character work, which was the main point, but also I think the magic was at the same level as Rob Lake, who does this for a living.
If everyone is doing variations on the same tricks, and there's a lot of Lake saying here's my take on a routine someone did over 100 years ago, enjoying it is very personality dependent. I thought Lake was very inoffensive, but ridged.
For example, whenever there was an audience participation segment, he clarifies kids can't participate. If you don't want to work with kids, why get into magic? He did have one dedicated section where he brought a 5 year old on stage, and of course that got a bigger audience reaction than even The Muppets.
In terms of integrating The Muppets into the show, they're the most exciting part but there's no "wow, how did they do that with a Muppet?" moment such as Jim Henson getting Muppets to ride bikes in a movie. Like there's a levitating woman illusion in the show. Why not just figure out how to do that with a Muppet?