Lightroom 4 on MAC and Photoshop on Creative Cloud?

Hi,
I've purchased a copy of Lightroom 4 and it is installed locally on my mac and I'm looking at subscribing to photoshop via the creative cloud service. I don't to subscribe to the whole suite.
Is the integration between the locally installed product and photoshop in the cloud the same as the integration between two locally installed products?
For example can I still select two photos in lightroom and select merge to panorama in photoshop or do I need to have the creative cloud version of lightroom as well?
Thanks!

CrankyMonkey wrote:
Is the integration between the locally installed product and photoshop in the cloud the same as the integration between two locally installed products?
Adobe Cloud apps are locally installed (other than the web based services).
The difference between Cloud and perpetual licenses is the licensing mechanism.
Adobe ID for Cloud (Photoshop's Cloud activation mechansim calls home via the internet each month to check your membership is current) and serial number for perpetually licensed apps.
The code in the perpetually licensed and Cloud software (both installed on your local machine) operates identically regardless of how you've bought the software.
CrankyMonkey wrote:
For example can I still select two photos in lightroom and select merge to panorama in photoshop
Yes.

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