Maybe panic is just a better name so people don‘t get the idea to use it for control flow in slightly less than normal situations? (i.e. ValueError, StopIteration in python).
Nothing about names like StopIteration and AttributeError indicate to me that I should use them for control flow. Python just instructs me to use them that way...
My point is, that part of python is IMO a bit ugly. Not due to naming, but because these are exceptions. A type system with good use of optionals across the standard lib is certainly more elegant than ValueError.
