The 1983 movie is still, by far, my favorite, and I gather that most others feel the same. Here’s the opening part of the New York Times 12/18/17 review of the TV musical version shown 12/17/17:
Judging by last year’s “Grease” telecast and this year’s “A Christmas Story,” the Fox network seems to like everything about live television except the “live” part. A game cast, lively score and sturdy source material made Fox’s big holiday spectacular “A Christmas Story Live!” a pleasant enough way to pass a mid-December Sunday evening. But the presentation throughout was a letdown — like getting pink bunny pajamas for Christmas instead of a Red Ryder BB gun.
Director Bob Clark’s original 1983 movie followed a winding path toward becoming a yuletide staple. Based on the radio monologist Jean Shepherd’s stories of growing up in a small town outside Chicago in the 1930s, “A Christmas Story” disappeared from theaters quickly, only to find an audience on TV for its honest, funny take on how children process holiday stress.
I did enjoy the Broadway version when it opened on 11/19/2012. I think they did a good job:
Poster on the Side of the Lunt Fontanne Theatre
With Dan Lauria as Shepherd