@corywf I would do the Panhard, it's not off by much at ride height (less than 1/8") can't remember exactly what I measured when installing mine. When I went to install the adjustable panhard at stock length it was a little less than a half of the bolt hole off.
All that said, the small difference at ride height is amplified through the travel arc of the axle (think stuffed tire on frame side and full droop on the axle side) that difference will be much more significant placing a lot more stress on the rear u-joints when they are most susceptible to breaking at max articulation and when your likely to load them up with torque during wheel slip and sudden traction events. Cheap insurance to add trail reliability and prevent drive shaft and or u-joint destruction.
If your lift is more for looks and less for offroad I wouldn't worry about it.