Greg, you are talking about a radius arm and trac bar config. I like them especially in frt. Both my EB and Wife's XJ run radius arm set ups I built.
One problem I see is that you need to bring the lower to mate with the upper a lot closer to the end. The closer/shorter the triangle, the more bending force that is applied to the longer arm.
On my EB, both arms are full length and welded together, on the XJ they meet about 1/2 way, but the connect at a rubber bushing (absorbs the bind/bending force.
I have had the radius arm debate over and over, comes down to what YOU like, it is Your rig!!
There is binding built into a radius arm design. It tries to twist the housing. I like some amount of this bind, no need for a sway bar.
As for anti-squat, it is still there, simply put, the steeper the angle of the arms, the more anti-squat. Really is not THAT simple, but basically.
Talk to me Saturday, I am driving the XJ and the EB is in B's garage. I am doing the rear 4 link on it.
Ever consider a 2 link, Rockware style??
I was going to try it, but don't have room.
It is basically one V fix mount to the axle, single joint at the frame with a trac bar.
Simple and seem to work well.
Marc