Your front 4-link will work OK if the drag link is the same length and parallel to the lower links.
If it doesn't meet both these requirements it will bump steer quite a bit as the drag link moves around a different axis to the axle.
Your caster change as the axle travels might be a bit severe with such different length upper and lower links too. This can work pretty well in the rear of cars if planned out to keep the pinion pointing where you want it, but the closer to equal length in the front (generally) the better.
Another thing to think about is that any slop in the bushings will equal slop in the steering, that's why OEM Panhard bars use metal/metal tie rod ends, or quite hard poly bushings. Sometimes even bronze bushings.
These will give you a pretty harsh ride in your 4-link bars, might as well just use heims.
One nice thing with a 4-link front (even a parallel 4-link with a Panhard bar) is that you can tune in your anti-dive under brakes by playing with the vertical link seperation at the chassis end. If you make the upper link mounts adjustable in height you can change how much weight is transferred to the nose of the chassis under brakes, pretty cool
I've built a lot of front 4-link suspensions, but all in off-road cars with hydraulic steering, so it's kind of cheating.