An hour is absolutely for the package – if you are doing standby, you will have to line up a LOT sooner. We did the package about a week ago, and people were lining up for standby around noon for the 5 PM show. (They brought chairs and umbrellas with them.) By 4 PM, the line for standby went from the American Gardens theater past Germany. Needless to say, most people waiting in line at 4 PM didn’t even get in for the last show. If you want to be guaranteed to see the show from standby, I’d suggest checking line by 2 PM. If the line has gone past the snaking queue area in America, get in line at that point. (Granted, the nights that we’ve seen people lining up, the narrators were NPH and Whoopi, so they may be more popular than Chita Rivera.)
If you don’t get in, you can sort-of hear it standing near the fountain in front of America. You won’t really be able to see much of anything, though. And because of the large crowds in the area, they don’t let large amounts of people congregate at the back side of the theater, so you may be asked to move back to behind the fountain, which really impacts being able to hear anything.
In the end, before you totally nix the idea of doing a package, keep in mind that you’re paying a lot of money to spend a day in Epcot. Is it worth your time to spend 6 hours in line for a chance to get in instead of 1 hour in line with guaranteed admission? It really is a personal decision…looking at the size of the lines, lots of people do think that the 6 hour lines are acceptable prices to pay.