We've seen the daytime parade from Tony's outdoor area. There were some guests on the sidewalk in front of us, but we found that the outdoor dining area was elevated enough to give us a decent view. However, Spectro might be more crowded and you may have more guests in front of you than we had.
Oh, and we didn't ask to be seated outside. When we checked in at the podium, they asked us if we would like to sit outside.