It's been a very, very long time since I thought about the Palominos. I lived in Hoboken during The Feelies early run at Maxwell's, so I initially knew the Palominos as Anton Fier's new band after he quit The Feelies. Then, they just started soaking up one after another of my favorite performers.
I was big Bill Laswell fan at that time and he was an original member, I believe. Later, both Matthew Sweet and Don Dixon signed on and they are first tier names in my book. (One aside: My first dance with my wife was to the Don Dixon/Marti Jones arrangement of Joe Tex's "You Got What it Takes"). IIRC, even Richard Thompson got some run with the band. Syd Straw, T-Bone Burnett, and a few others that I'm no doubt blanking on at the moment also did time with the Palominos.
(What, no Lindsey Buckingham?)
Man, I gotta go back and revisit that stuff. Thanks for the reminder.