I have never owned a Palmer so I can't give you any pros and cons on one of his bows. I had given it serious thought about owning one but I gave it up after numerous attempts to reach him was met with failure.
On the other hand, Bob Lee makes a great bow and their customer service is second to none. I have never EVER had a bad experience dealing with Sandy and the boys at Bob Lee. Their 54" Hunter Pro is the sweetest, smoothest short bow I have ever shot - bar none.
Matter of fact, I have a new Hunter Pro due to arrive tomorrow if UPS is on time. Can't wait for it to arrive. Mentally, I'm more than ready to shoot but physically, well, that's another story.
You can probably tell that I'm a big (short) fan of Bob Lee. You can't go wrong. Good luck!