Ike policy defines different security parameter you are using for your IKE profile. On PAN firewall it's IKE-crypto.
Once, you will configure the IKE profile, then as a second step, you need to configure a IKE-gateway. It will included local IP, peer IP, exit interface, preshared key, Peer ID type etc.
Hope this helps.
I understand that but the cisco is old and I think it may have that option still trying to figure out what ike policy and priorities are and how they relate to the PA
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