That's an inch at 90 degrees, which is pretty much impossible to do unless you're a dive bomer, and getting enough shells at the general area is difficult at best when you're firing 160 rounds per minute.
Panther's roof was 16mm, Mk IV G Roof and deck was only 10mm
At a 60 degree angle, that's about 18.5mm/11.5mm
At a 55 degree angle, that's about 19.5mm
At a 45 degree angle, that's about 23mm
At a 40 degree angle, that's about 24.9mm
At a 30 degree angle, that's about 32mm/20mm
This is very simplified, there are many more variables, like overmatching, a penetrator larger in diameter that the target plate is more effective
I'd not feel comfortable in either a Mk IV or Panther
At 500 Meters, .50 cal M2 AP will do 19mm, M20 API 21mm
Now you know why they worried about 'Jabos'