I saw Lion King on Broadway in NYC for the first time two years ago. That was a very special treat. I waited to do it in NYC which I only visit every decade or so, but after I went, I think it would have been just as successful on the road in a medium-size hall with good sightlines.
I am a theater fan. I think because the show's Julie Taymor design is so iconic and most of the design is costume-based that it could all be duplicated and taken on the road rather easily. Yes, the elephant costumes are large. But I would assume most theaters have big enough main levels to fit them down the aisles.
As I recall, the backdrops and set pieces are pretty simple (no houses, shops, people clutter). Just stuff like Pride Rock.
I think you'll like it so much you'd be fine with seeing it again if you get to NYC later (and maybe could try for a discount ticket).
I think it would be ideal to sit on the main level on an aisle about midway back in the orchestra. My ticket was for Row D in NYC, smack in the middle, and although theaters differ, there was one point where the lion cubs were lying on their backs on the ground talking and I actually couldn't see them because I was too close to the stage.
According to the second link below, the main difference involves how Pride Rock appears onstage.
Enjoy. I've seen a lot of shows and waited decades to see that one. It was great!
https://www.reddit.com/r/Broadway/comments/zfr55t/just_saw_lion_king_in_chicago_started_crying/
https://www.reddit.com/r/Broadway/comments/1cva5ki/lion_king_broadway_or_tour/