We viewed Spectro from the train station for the first time this year. It was the Tuesday after New Years, so crowds were thinning out. We arrived about an hour before Spectro and got the 2 remaining seats. It was a great vantage point. I actually noticed things on the floats that I had never seen before. If we were to do this again, I would probably plan on getting there between 1 1/2 - 2 hours before the parade. Claim one of the few tables that are available, bring dinner from one of the fast food spots, eat, relax and people watch.
I wouldn't stay there to watch the Wishes fireworks display though. When we were there, they left the lights on from about mid-way down Main Street to the train station. I don't know if it was a mistake or if they do that all the time for peoples safety as they exit the park, but it took away from the fireworks. After the parade goes by, there is plenty of time to make your way towards the castle for a better view.
Tammi