re: neurofunk - I should think it's pretty self-explanatory. dry funk, funk stripped of the manic energy but retaining the one the one/stripped down funkiness. not sluggish, but sparse. see also the funky as hell minimal techno - Brinkmann, Hood & Mills, DBX, Mike Ink.
as in, funk is in what you don't play.
re: Panacea - I mostly find him unbearable. obv the newer stuff is worse but I don't like any of his work really. like this - if he's somewhere at the intersection btwn Ambush, early/good DHR (Empire '93-'96, C de B, Sonic Subjunkies), the hardest side of No U-Turn etc. & proto-breakcore - I'd rather just listen to any one of those things than Panacea. it's like most "hard D" or whatever, I mean it just gets so hard & stupid that it loses meaning - after all you can't be hard without a soft to contrast & he's guilty of the same thing that most latter day D producers are; missing entirely the sexiness/slinkiness of jungle proper.
also his stuff reminds of gabba - if not the sound then that martial volkisch vibe, oopmah military etc. like Panacea is marching music, whereas the best techstep is the soundtrack for a defeated army marching home e.g. "Squadron" or "Machines", it's melancholic. techstep is dude-ish to the max of course but it's an insular dudeishness, whereas Panacea & all that is aggro. even if dude himself seems like a nice guy it's a convenient soundtrack for cocaine & booze & casual violence. which some people enjoy I'm sure & there's naught wrong w/that (*EDIT* enjoying the music I mean, coked-up violence itself totally sucks of course - didn't want anyone to mistake my meaning).