The first time I saw Phantom at the Majestic, I sat in the front row, and I couldn't have been more excited because I am a typical Phantom-wacko-fan. And boyyyy was I disappointed. It was pretty much the same thing as sitting in the front row at the movies---I had to crane my neck to see things, I could only really look at one part of the stage--and with Phantom there's so much going on you really want to see it all.
I recommend the front Mezz for Phantom. It overhangs row H or the orch; you get the full picture of the show, youre still close enough to see faces; and you get to see the Phantom running around the catwalk while he ruins Carlotta's voice and shakes the chandelier.
I dont know why everyone insists on spazzing about how slow the chandelier falls. The ascent is a million times more thrilling, and it is cool to watch it go up again during the intermission.