Panhard rods are meant to be set level. Level is dictated by the height of the axle pivot point of the bar being at the same height as the frame pivot point. The angle, shape or contours of the tubing between those points has no bearing on what is or isn't level.
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The J bar on a short bracket is no real difference geometry wise than the obviously wrong angled one shown here.
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J bars are useful to allow working clearance for the housing etc, but they still need to have the pivots at the same height to work as designed. Of course you can fudge it a little but the closer the better.