How many times have you been in the nosebleed section when watching a concert or a show? me, too many times to count. I even had the nosebleed section for a rolling stones concert that was seated to the right of the stage. We couldn't see a thing because of the angle.
I think it depends on the venue. I took my daughter to see Dora Live at the Warner Theater in DC, and we were in the next to last row ALLLLLL the way in the upper balcony, and to me, it was a great seat, because you could see everything very clearly. the only bad part was all the stairs.
Now a stadium concert, that's a whole-nother issue. I'd hate that.