Yes, that is all set up correctly.
Everything works except that I can not see the object's image as it moves across the screen.
The layer for the backdrop, which is the only thing that would conflict with it, is set to 1 and
the object itself is set to 6. The UIRoot camera is set to display the object, so I would think
that it should work fine. Also, the object spawns under the Panel as it should.