i don't see a panhard bar in those pics, just the torque arm that goes from the rear axle to the trans crossmember, which is supposed to take the place of the upper control arms and uses a panhard bar to control the side to side motion of the rear end.. look at an 82-02 F body rear suspension to see what it's supposed to look like.
also, the F body didn't have the front pivot point bolted to a solid point at the back of the trans, it slid inside of a bushing to allow a little fore/aft movement as the rear end moves up and down. aftermarket setups that hook the torque arm to the trans crossmember instead of the trans tailshaft usually have a shackle like you see on a leaf spring to prevent binding.
in the F body, the torque arm controls the up/down angle of the pinion and the front/rear instant center of the suspension, the lower control arms control the fore/aft location of the housing, and the panhard bar controls the left/right location of the housing and the vertical instant center.. with aftermarket parts, you can adjust each of them separately to tune it for handling, braking, or traction off the line..
it's a very good design as done from the factory on the F bodies- much better than the GNX overall, which was something they put together to fit under a G body with minimal effort and in a short time frame.