That setup should be fine if you humidity and temperatures are all correct. Remember you want a wide gradient of temperatures in your enclosure with your basking spot right at 90 degrees if your getting a panther. Also, how are you planning to drain all the water from your misting system?
A drip is ideal to use or at least start with when they are babies...
Welcome to the forums. It's nice to see you here doing your research before you buy your chameleon. I have two veileds Luie & Camille and one of their tiny babies and love them very much. I'm attaching a link with some info to get you off to a good start. Jann
I can't really use a drip with a spray bottle because I am a full time student and full time worker so I don't have the time to do that. I am running the cage all day today so I'll keep yall posted