It's a good show = how you feel about a show you saw during a present conversation. It was good and it's still good. I was a good show = How you felt about show that you saw some time in the past.
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IanKCHwon't the use of past tense suggest that one no longer thinks it is a good show?No. Absolutely not. Statements about the past almost never imply anything about the present.
IanKCHif one still feels that it is a good show, should one use "it is a good show" instead?Not necessarily.