For the record, Miss Hannigan was only a drunk in the first movie. I've never seen her played that way in the many productions of the stage version I've seen. And I actually find her more terrifying sober. Her drunkenness is just one of many reasons I can't stand the original version of Annie.
But back to the topic at hand. I love Pete's Dragon. Oh, I get that it's campy and cheesy, but I love it anyway. Take away the music, and I'm out. The songs are the best part of the original for Pete's Dragon's sake!