It’s not a hill I intend to die on.
The boring truth about Drag Storytime (and similar) is that one performer tried it out and it was popular, so other performers started doing it too as an easy way to make some extra money.
To me, it doesn’t have a great deal of value, but has proved a more marketable (largely to parents) subcategory of ‘Storytime’.
Most of the performers previously provided solely ‘adult’ entertainment. Most of them do a good job of throwing together a child-friendly performance, some don’t.
When a performer crosses the line, some sort of action ought to be taken, but it’s not fair to highlight the worst examples of a very popular trend and suggest (as some in this thread have) that, because a small percentage of acts are almost universally decried as inappropriate, parents who take their children to Storytime events, which do not have inappropriate components, are child abusers.