There are some Comparisons and Differences between Fantasmic in Disneyland, Anaheim, California from 1992 and Fantasmic in Walt Disney World Resort In Florida from 1998.
The One in California has got The Jungle Book Sequence, Pink Elephants On Parade Sequence, Pinocchio's Puppet Show Sequence, Live-Action Re-Enactment of Disney's 1953 Version of Peter Pan Sequence, Disney Villains like Captain James Hook, The Evil Queen Grimhilde, Ursula, Chernabog and Maleficent.
The One in Florida has got The Lion King Sequence, Bubbles Clips of The Disney Animated Canon Movies Sequence, Live-Action Re-Enactment of Disney's 1995 Version of Pocahontas Sequence, Disney Villains like Governor John Ratcliffe, The Evil Queen Grimhilde, Ursula, Cruella De Vil, Scar, Judge Claude Frollo, Jafar, Hades, Chernabog and Maleficent.
As for me, I prefer The Disneyland, Anaheim, California Version, Because it is the Original and it is the Best.
I guess mine is because I've been there more, but I prefer Disney World's version. Every time I have been there, I been to it. Another reason I liked it better is because it also has by favorite Disney villian. (Judge Claude Frollo)
I love the original Disneyland version so much, and is considered my personal favorite nighttime show that I never miss out on everytime I go to the park.
As for the 2017 enhanced version, it's fateful to the original for most of the sequences. I know the Pirates of the Caribbean sequence isn't as good as the Peter Pan sequence, but I can bypass that with most of the more superior sequences that are based on the animated Disney films from the canon (most definitely the Lion King/The Jungle Book, Genie, and A Whole New World sequences).