Well, if the material is superior to the original Frankestein that played, more power to him! I hope he does a great job of this one.
Unfortunately, not all works defined with excellence in music and script work out onstage;there is SO much more to be considered into making it a hit. Our society tell us that only a rewarding monetary aspect/outcome dictates what is/is not a hit or success. Shame, really, because so many great little gems in theatre are overlooked year after year, this way...jackson992, some of those are the ones you mentioned.
I believe that a show needs a "certain" magic (charisma, in reality), to make it big, though. Ususally this is in the form of a 'gimmick", or just the special way the actors play their parts, and the production shines in its various elements: When it ALL comes together...BLAST! You've got a hit.
Overall, if something is done out of pure love for the work, it WILL show, so ALWAYS, put your heart into everything you do, and you will indeed, be a success