Two thoughts: 1) Don’t do it in the first place.
2) If you do do it, do not cast Laverne Cox, a trans woman of color, as Frank, a role intimately associated with Tim Curry, white cis dude, because that makes some really problematic, sexist, transmisogynist equations between the identity of the person who plays the role [trans woman of color] and the hammy, draggy, stereotypically polymorphous perversion evinced by the character. Ultimately Frank ends up as the object of the movie’s jokes, scorn, and derision; plus he gets killed off. I fail to see anything progressive or revisionist in a trans woman of color playing a character whose objectification and murder make me think of all the trans women of color who fall victim each year to the incoherent “trans panic” bullshit.
Caelyn Sandel goes into some incisive detail on the subject on the Mary Sue.
Why does capitalism have such a rigid fetish for reactivating the dead past so it can lurch around in contextless, blunderful fashion, reopening old wounds and creating new ones by sheer virtue of anachronism?