Channel tools is more of an enhancer.

You can have it raise and lower volumes of say the higher sides of the cymbols freqs to the sides or bring more of it to the middle.

Im not sure on what you are doing on this project.

How is it broke down into tracks (ie drums, guitars, vox, etc...)  Why can you pan from each track or buss on each?

I agree with Mike, Channel tools is like it's name, some tools your can use, it's sort of like having a hot rod channel strip on a mixer. I found no use for it myself so far. I guess if you have only been using MIDI tracks and VST you would have never used the EFX bins which are for audio tracks. Best to add the EFX to the Bin of a buss.

It is a stereo audio clip... a mellow pad sound. It is over a soft vocal choir... it is a meditation kind of piece. I want to give the pad sound more depth and presence by panning it back and forth. Right now I use Clip Envelope Pan. Seems to work ok but read in here somewhere that Channel Tools is better for stereo.

Also, I probably should learn how to use plugins some time. 

JOhn

Qiote honestly, for that type of sound, I don't think panning it back & forth will give it the depth & presence you're looking for - now panning a sweeping filter might give you something to work with, and channel tools will work in this context but will have to be automated.

Sounds like a job for the Sonitus Surround plugin