No. The drone will let you do it since there's no practical technical way to prevent it, but it's not legal.
You're not allowed more than 120m above ground whether C0 or C1 by default. The difference is that in C1 you can apply for an exemption...
Thanks for the info.
I know of two good panorama freeware apps, the Autopano Giga as you mention, and the old but excellent
Microsoft Image Composite Editor (called ICE). It can be downloaded here...
It should, if you want other apps to be able to scroll around within the 360° pano and recognize it as a 360° pano, rather than just a still image, as that is a universally recognized 360° pano camera format.
C0 doesn't need a license, but limits you to 250g and 120m height over the takeoff point
C1 needs a license but you can then go up to 900g (which means you can use the larger battery and/or prop guards) and 120m over the ground under the...