I just watched this on Blu-Ray. Figured since the show is available for licensing now I should check it out as potential material for my community theatre.
It runs into a lot of the problems you might expect from turning a sub-2 hour animated movie into a 2-hour stage show, namely a lot of scenes and songs that feel like padding. The first act especially feels slow and aimless. Luke Brady as Moses is charming enough, but the book doesn't really give him anything interesting to dig into dramatically for long stretches of the runtime. Liam Tamne as Ramses is dull as dishwater, only really coming to life thanks to his chemistry with Brady. Christine Allado as Tzipporah brings much-needed life and energy to the show in an appealingly fierce performance.
There are some cool moments of choreography and stagecraft, but they mostly serve to hide how dramatically inert the show is. The only time the characters really feel like they're doing something special is in the second act when Moses is overtly conflicted over his role as prophet - Luke Brady is much more effective in those scenes. The songs returning from the movie are still bangers - "Through Heaven's Eyes" and "When You Believe" especially - but none of the new songs come close to measuring up.
This one will almost certainly have a long life in community and church theatres, and that's probably where it belongs. For professional groups there are countless better options out there.