Visible=1 is just so I don't have to click the icon every time I reload the panel. When I'm done editing I'll set it back to 0. There's nothing behind it but the main panel.
I found another example that may illustrate what I want to do. It's the left 1/3 of the screen. The code is:
[Window13]
size_mm=260,258
window_size_ratio=1.00
visible=0
ident=205
pixel_size=0,0
window_pos= 0.030, 0.522
gauge00=gps!gps, -8,1,275,255
and it looks like this

Size looks like the window size - 260x280 pixels.
Window_pos looks about right - upper left corner is 30 pixels from the left edge of the screen and 522 pixels from the top of the screen.
The gauge00 entries look like gauge placement within the window, the negative number being the reason why the left border of the guage is invisible.
So I conclude that
1. Size=mm means window size? (OK, I'm still lost on this one but either 640 or the same as the gauge size).
2. Position=xx is irrelevant since I am going to override it later. This example doesn't even have that line.
3. Window size ratio should always be 1.00 since I am going to override it later.
4. Window_pos is the position of the window (w,h) on the screen (not just relative to the panel bmp).
5. Window_size is the size of the window (w,h).
6. Window_size and window_pos are numbers between 0 and 1 where 1,1=the right bottom pixel (1024, 768 for my resolution).
7. Gauge=(gaugename), X position within the window, Y position within the window, Width of gauge, height of gauge. The first 2 numbers will usually be 0,0.
Am I getting closer?