adjustable or non adjustable?
Except for a PHB, which you would adjust to center the diff under the car if you change ride heights.
Having said that, the parts one gets that "screw together" are rod ended parts. Heim joints are more solid and will give you a more solid feel, crisper response and predictability.
Fixed length components typically have some sort of elastomer bushing material pressed into a metal housing and the housing is welded to the shaft. The bushing material cushions the road feel to a large degree, and at the expense of some handling characteristics.
HTH
An adjustable panhard rod is not a necessity on a lowered car, but definitely helps. If you lower the car, the rear will not be centered because the end of the panhard rod that is attached to your rear is traveling through an arc.
Grease poly bushings with the manufacturer's recommended grease, and I'm pretty sure you use something along the lines of graphite spray lube for rod ended parts (definitely not grease on those).
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