Hi,
Going to Chinatown on Chinese New Year is similar to going out to dinner on Valentine's or Mother's Day. Swamped restaurants, harried cooks and staff and likely not the best of food.
I have been to Argyle on the northside when they were Dragon dancing for the New Year. It was a snowy day, though it did not attract anywhere near the sizeable crowds who go to Wentworth.
When my nieces were tiny, we went to the parade, then went somewhere else for lunch. They got the experience, which is all we really wanted.
Regards,