Strategy #2 is what I'll be doing on my trip in December. I have an ADR for 7:30, and others have told me I basically have no chance of getting a window seat prior to the start of the fireworks if I arrive at that time, because of all the people doing Strategy #1. In the extremely unlikely event that a table for two is available with a nice fireworks view at that time, I'll luck out. If not, I'll just take a table without a view and leave my table to watch the fireworks. Well, my wife and I both like a good bottle of wine. Makes all the sense in the world to me to watch the fireworks with a glass in hand.
David