Bi Wiring for speakers question

Yes, you have the connection pattern correct.
And, yes, it does make a difference. Richard Vandersteen makes his floorstanders with biwire connections. Essentially, you are directly providing a signal to the upper range drivers separately from the lower range.
Reading your post again, I should add that you can also connect by using 2 separate runs of speaker cable, so that the upper and lowers are using a separate cable. This is called 'true biwire' and is probably the best way to connect a biwire-able speaker.
Also, using spades, even stacked spades would be more desirable than banana plugs, as they provide better contact.
Bob

Bob.  Thanks for the info.

I have a two pairs of AQ Type 4 cables purchased separately that I use for one system. True bewaring as you call it.  

Going to buy a new set for my second system though I have been reading about the BJC Canare cables being excellent for the cost.  I have the option of buying four bananas and four pins with four cables or could purchase four of one and two of the other as well.  The 4 by 4 configuration does seem to be a true bi wire wire while the other method of using 4 on one side but 2 on the other does not.  

To be safe I may just order four separate cables to insure it is the same kind of wiring that I have with my first system.

@will62   Use spades if you can.  Once again gdnrbob is exactly right.  You can really secure spades to the binding posts.  If there is any tension placed on your cables it can exert pressure on bananas to pull out of the binding post.