hello panasonic lumix g7 is m3/4 mount, so the adapter ring could not work for panasonic lumix g7 

FD-EOS fit for Canon FD mount lens and canon EF mount camera body. canon 60d is EF mount, so the adapter ring can work with your camera, but you need to check your lens mount. could you pls let us know your lens specific model? service(AT)kentfaith(DO NOT)com, Please note: It is not same between Canon FD mount and EF mount, this adapter ring is only for Canon FD mount lens, please contact us if you want to purchase for Canon EF mount lens. 

hello FD-M4/3 suitable Canon FD Lens and Micro 4/3 M4/3 Mount Camera .we have confirm your panasonic lumix gx85 is M4/3 mount,so the adapter ring can work with your camera 

Focus peaking is controlled by the camera, not the adapter. You need to check your individual camera. My Panasonic G6 does have focus peaking active with this adapter and other adapters also. 

If you are referring to the Panasonic DMC-G7, then yes, it will adapt any Canon FD mount lens to any micro 4/3 mount camera. Including yours.