Mstone--I don't know a Panthertown Creek but the headwaters of the Tuckasegee flow through Panthertown Valley. Is that the stream you mean (and it may use the name Panthertown Creek, though I've never heard it). If that's the stream you have in mind, it is without a doubt the strangest trout water in all the N. C. high country--looks like you landed somewhere in another world both from the standpoint of the landscape and vegetation and from the appearance of the stream. It is black water which allows visibility of only a few inches in depth. The trout are specks, and the stream, unlike most in the area, is slowing moving (and the fish spooky).
Let me know if this is the stream to which you are referring.