Wat Pan Tao is located in the old quarter of Chiang Mai, which is a 1km squared area surrounded by a moat. There are around 36 temples in this area alone. The best way to explore them is by foot and I would recommend seeing this temple as a part of a walking tour of the temples going Wat Phra Singh > Wat Chedi Luang > Wat Phan Tao. The whole thing would take maybe an hour or so.
The beauty of this temple is that it is composed of old teak wood rather than 95% of temples in SE asia which are made of stone or concrete. Therefore, it is slightly different and appeals to the tourist who is getting a bit over the temple trail. It also easily accessed as a part of a walking tuor of the old quarter and requires little effort to get to.
Definitely worth a look particularly in combination with other temples in the old quarter.
If you own or manage Wat Pan Tao, register now for free tools to enhance your listing, attract new reviews, and respond to reviewers.