It's all a matter of individual taste. When I was little, I watched the 1925 Lon Chaney version on TV....It was scary to me, and I hated it.
That version stopped me from watching anything Phantom until 2005. When I finally watched the ALW movie with Gerard Butler, I was totally hooked.
Since then I've seen/read several variations. I saw the stage version in Las Vegas, but didn't like it at all,
because the Phantom was played by a guy that reminded me of the geeky 'Riddler' (Frank Gorshinin)
in the original Batman series starring Adam West. That was a BIG disappointment, but I still loved POTO.
I hated the movie version with Robert Englund, but I really liked the TV mini-series starring, Charles Dance and Burt Lancaster.
I've read a pile of Phantom novels and variations...including, of course, the original by Gaston Leroux, and Susan Kay's, which I love!
My favorite movie/stage version is still ALW's with Gerard Butler, but I want nothing to do with Love Never Dies
because of the character assasinations and inconsistencies in the storyline.
My favorite novel version is my own, Life After Phantom: Opera Erotica
. I hope someday it's made into a movie.