The parade crosses the larger bridge, we were trying to get to LTT but had to skirt around the parade and when we realized we still had time before lunch, we just decided to stay and watch the parade from there, I wish I had thought to take pictures but I really didn't think it was a bad place (especially since my kids don't like loud noises). There was only a handful of people there because it's not a straight view of the parade, you're sort of watching it as it passes rather than as it comes to you...but if I was in a pinch or running late and near that spot, I'd watch from there again.
If I wanted a closer experience, I do prefer to watch it from frontierland rather than the hub/main street. With Splash being closed the only real draw to the parade start area is big thunder mountain.
But I'd also aim for the 3 parade if it's a day where the parade runs twice.