Well, I don't really have a preference between those two. Take your pick! AC 20 feels a little weak, but the barkskin will compensate.
Well I have no real objection to making it AC 22 with a chain shirt in human form, but in that cast I'd prefer option #1:
Armor Class: 22 (+4 Dex, +8 natural [animal/hybrid form]; or +4 Dex, +4 masterwork chain shirt, +4 natural [human form]), touch 14, flat-footed 16
Shall I update with that?
That still leaves the Skills & Feats of course. We should have the skills be at least as good as the Thralls, who have the following:
Skills:
Human Form: Balance +1, Climb +1, Handle Animal +3, Hide +1, Jump +2, Listen +6, Move Silently +1, Spot +6, Swim +2
Panther Form: Balance +11, Climb +13, Handle Animal +3, Hide +9*, Jump +16, Listen +6, Move Silently +9, Spot +6, Swim +12
Hybrid Form: Balance +11, Climb +13, Handle Animal +3, Hide +9*, Jump +12, Listen +6, Move Silently +9, Spot +6, Swim +12
Feats: Alertness, Combat Reflexes, Exotic Weapon Proficiency (pantherclaw, pantherpaw, pantherscourge)
ᴮ, Iron Will
ᴮ, Multiattack
ᴮ, Weapon Finesse
ᴮ
Looking at the above, I realized the
Werepanther Thrall Working Draft has a "Jaguar Form" holdover from its Werejaguar base creature that should be "Panther Form".
I've corrected it.
Anyhow, for the Feats I think we can just take the Thrall's feats and add Combat Casting, since the Jackal Lord we're using as part-inspiration has that feat.
It's arguably not the most efficient feat we could pick, but it's certainly more use than Dodge!
Skill-wise, the Thrall's SPs are divided as Balance 1 rank, Climb 0 ranks, Handle Animal 4 ranks, Hide 1 rank, Jump 1 rank, Listen 4 ranks, Move Silently 1 rank, Spot 4 ranks, Swim 1 rank.
Oh dang it, that's 17 SPs in total and the Thrall should have 20 SPs (12 for being a 1st level human plus 8 for its 4 animal HD). I'd be inclined to put another point each in Listen, Move Silently and Spot, making the Thrall's skills:
SPs: Balance 1 rank, Climb 0 ranks, Handle Animal 4 ranks, Hide 1 rank, Jump 1 rank, Listen 5 ranks, Move Silently 2 ranks, Spot 5 ranks, Swim 1 rank
Human Form: Balance +1, Climb +1, Handle Animal +3, Hide +1, Jump +2, Listen +7, Move Silently +2, Spot +7, Swim +2
Panther Form: Balance +11, Climb +13, Handle Animal +3, Hide +9* (+13 in undergrowth), Jump +16, Listen +7, Move Silently +10, Spot +7, Swim +12
Hybrid Form: Balance +11, Climb +13, Handle Animal +3, Hide +9* (+13 in undergrowth), Jump +12, Listen +7, Move Silently +10, Spot +7, Swim +12