Even if a panel object is placed behind connections it hides them when out of edit mode.
From a diagnosis point of view hiding the connections behind the panel object out of edit mode is counter intuitive. You can't see the signal/data path.
How can you diagnose a live patch out of edit mode if the connections are hidden behind the panel. This is a fault.
This behaviour didn't exist in previous versions of Max. Why fix it if it ain't broken?
Reported it but.....C74 team can't see the problem.