Originally posted by IsaacT Go with ISO 100 so you get the best resolution possible. What I would do it to take your 17-50 and take vertical shots at 17mm across the frame and then stitch them together using photo merge in Photoshop. It is pretty simple actually, just try your best to stay on a solid horizontal line.
I recently did a stitched pano like that and it is like 10k by 4k pixels after cropping out what I wanted.
I agree with IssacT's approach. I would shoot at 100 ISO if possible. I do pano images a lot and use the stitching technique almost exclusively.
Your challenge is lighting the people properly. If you can, use multiple flashes pointing at different segments of your pano. If you do not have multiple flashes, then move your one flash at the segment of the crowd for that particular shot. Make sure to announce that for the duration of the pano shots everyone needs to stay still so when comes stitching time you do not have people move at the seam lines. It is a challenge but it is perfectly doable.
Although you have natural light outside, I would still use a flash to fill the shadows.
You need to go out and do a trial run of your set up minus the people. Bring it back to your computer and try the stitch to make sure you have the angles and the coverage correctly. It is perhaps a one shot deal so the more you prepare the less you have to guess and fix later.
Your 17-50 should be more than adequate. I would avoid the fisheye look at all costs due to the look and the fact that even stitched it is going to look funny.
For a large group like this even a medium format does not have enough resolution for a single shot. I am not sure but I am guessing that in the old days they used a pano film camera to accomplish the task.
Good luck.