Yes, they all have balconies. I confirmed it with a CM last week when we booked the CR for next year (we love Disney balconies and weren't sure if we needed to put in a request for one, but he assured me all of the TPVs have them).
Yes they have balconies and yes I feel the higher up the better. I stayed CR Theme Park view a few years ago and it was fantastic! I watched the fireworks from the balcony & it was magical!!
They have wonderful views! I've stayed on 14 and 12. Even the most bottom floor pretty high up. There is nothing light watching the FW from your own room.
I just came back from my first CR TPV experience. It was amazing. I have been to WDW countless times and this is by far my favorite room. My recommendation is to find the channel for the music on your TV early and hang in your room right before fireworks. What a great viewing option.
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