It’s worth noting that the park is probably far less cash-strapped now than it was when the Big Wheel was removed; Looping Group have shown very strong intentions with Drayton thus far, so I see no reason why Pandemonium’s replacement won’t do it justice, personally!
I think it possibly could, especially if they opted for the new smaller model! Tumbili at Kings Dominion, a recently announced example of the smaller model, replaced The Crypt, a Huss Top Spin, and surely Pandemonium’s footprint can’t have been any smaller than that of your average Top Spin?
For some idea of size, the S&S 4D Free Spin 106 (Tumbili at Kings Dominion and Dragon Slayer at Adventureland Iowa) is 112ft tall, 770ft long and hits a top speed of 34mph. Here’s Tumbili’s RCDB page, if you’re interested:
https://rcdb.com/18846.htm