shaneymack, These are not raised panels in the traditional sense. The router bit set that you linked to is not what I'm looking for.
I think I'm leaning toward the dado stack. My router table is homemade. It has served me well, but I think I'm at the place now where my skills are more developed than my tool. Not bragging, just saying that my homemade unit does not give me the precision that I have come to expect / demand. I have found that it's expensive to outgrow my tools. I've learned to just go ahead and spend the extra money on the right tool first rather than buying 2