That is it would if all the actors were up to the challenge of the subtlety that makes the difference between perfectly timed and nuanced farce and humor delivered so uniformly over the top that it threatens to topple, and often does. The most intriguing new wrinkle Mr. Wackerman has introduced is the paring down of the play's many scenes to fit the small venue and the company's limited budget. The Beauty Part has eleven scenes with nine different settings. The director thus can't be blamed for completely eliminating the scenic complications rather than to try to recreate an ersatz version of the original Broadway production. It's all quite ingenious and the dancers maintain their difficult poses with great virtuosity.
Trouble is, instead of supporting the play, the dancers and the music outshine it.
S. J. Perelman's essays are still available and worth reading.