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

Buying 4 separate cables would be the best way, in my opinion.
AQ cables are awesome. I too have the GO -4. Great value for the money.
Is there a reason for using the banana's instead of spades?
B

There is a consensus that biwire within a single cable is not as much of an improvement as using two separate cables, one for upper range, one for lower range.

 
@elizabeth ,
I disagree, respectfully.
B

+1 Hifiman. 
Keep it simple Will. The AQ GO 4 is a reasonably priced cable and should not cost a fortune to do a true biwire. Just try to keep the lengths equal and as short as practically possible. And, add a little wiggle room for minor adjustments. Nothing is more frustrating than having to move a whole cabinet of equipment just to get to some cables.
B

@will62 ,
You do know you can get some Banana to spade convertors?
I use these when I have to. 
https://www.amazon.com/CARDAS-Premium-Speaker-Adapter-Connectors/dp/B00SG3Z922
Reading you post, I think this is what you are looking for:
https://www.amazon.com/Locking-Stacking-Carbonate-Insulated-Thumbscrew/dp/B00O3NTB28/ref=sr_1_1?s=el...

B

There 'ya go...
B

I would call BJC and tell them your situation. From what I have heard, they are a stand up company. It's always disappointing when things like this happen, but they do. 
So, just give them the benefit of the doubt. The only way you are going to know if they are your 'cuppa' is to try them. If they aren't, then onto Plan B.
Bob

@will62 ,
If they look like a banana with saw teeth then I think they are called BFA banana plugs. I had them on some Transparent speaker cable and they were very brittle and prone to snapping.
B