Looks like we have our suppliers in common also. I buy all my drawer glides from outwater.
Yes I also machine panels of drawer components before cutting to final size. It makes the job go faster and helps minimize any blowout that occurs from time to time as the panel exits the tool. If it does happen, it only happens on 1 out of X parts and the blank will have a little extra on anyhow.
As to tearout on the inside edges with the drawer lock bit, I haven't experienced this to date and many drawers have left my shop. As I said in the first post, there is some tearout that occurs when machining the sides (vertical orientation to the tool) but this is internal to the joint so it is not seen. This appears to have more to do with the quality of the material than anything else.
It looks like you are using a shaper for your joints. I hope you'll pardon me for drooling all over your feeder. All mine are cut on a router (hand fed) (old school?). I have several permanently mounted router tools and the drawer lock bit is one of them. I just drop the machine into the table, adjust the fence and cut.
I have recently taken to using the ½" Baltic Birch plywood for my bottoms as well as the sides. It adds a little more to the cost but not substantially. In return, I think I am getting drawer boxes that can double as jack stands for M1A1 Abrams Tanks. I still cut the same dado on all four sides that I was cutting for the luan bottoms so that doesn't change. I cut a rabbet on all 4 sides of the ½" BB panel and fit it in with glue on all surfaces. I must say, the drawers even look nicer with that clear Birch veneer rather than the darker luan veneer.
Ed