Do you think text chat should be prioritized over seeing people in the audience on mobile?
yes
My 2sats, audience visualization is a crucial part of the experience. Feeling like you're "in a room" with someone you follow and respect makes the experience much more special intimate feeling. Chat rooms that are too large can have the opposite effect.
How about a toggle button or card to switch between audience view and text view?
Hmmm noh, I think the ability to “see” who you’re connecting with is a huge part of the experience. But when you say text chat.. are you saying group chats (like legends) or the ability to text/chat live in space? I may change my mind..
Think of it as a group chat for that audio space so people in the audience can talk and ask questions, so they can still participate even though they're not on stage.