To go slightly off topic here-
One thing that I’ve always found troubling (setting aside the whole issue of women dancing with the Torah and whether or not it’s permitted) is that Simchas Torah seems to be a non-event for women in general. I know that in my shul it’s dead as a doornail. A couple women come and socialize. Even fewer girls come and socialize. I come and give out candy. The kids come and eat candy. I don’t see why women, as jfem says, can’t also derive joy from the Torah, celebrate, maybe do our own dancing- even without a sefer Torah- and just elevate it for us beyond just a reason why we can’t start lunch until really late in the afternoon.