The five-year-old received 59kgs - half a kilogram more than what he carried in his dominant last start win - which was his ninth in 27 starts.
However, Higher Realm comes in well at the weights with a two-kilogram claim for apprentice Swaffer.
Palencia and Higher Realm have met only once with High Realm winning a Class 6 event over 950 metres at Cairns in June last year, in which Palencia finished fourth, just over a half-length away.
“Higher Realm won well last start but he hasn’t been winning by big margins,” Chillemi said.
“Of my two, I’d have to favour Higher Realm but I would have preferred to spell him.
“Unfortunately, there’s been so much rain up here his spelling paddock is very wet and a few horses are getting abscesses so I’m keeping him in work for the time being.”
As well as High Realm and Palencia, the field has attracted noted speedster Aspen Lad and talented six-year-old Family Star.
Chillemi intends to aim both his sprinters for the North Queensland winter carnival later in the year.