Step 1 :Let P = $(\ln 4, \mathrm{e}^{\frac{1}{2} \ln 4})$ and Q = $(\ln 16, \mathrm{e}^{\frac{1}{2} \ln 16})$. Then P = $(\ln 4, 2)$ and Q = $(\ln 16, 4)$.
Step 2 :Using the two-point form of a line, we have $y - 2 = \frac{4 - 2}{\ln 16 - \ln 4}(x - \ln 4)$.
Step 3 :Simplifying, we get $y - 2 = \frac{2}{\ln 16 - \ln 4}(x - \ln 4)$.
Step 4 :Using the properties of logarithms, we have $\ln 16 - \ln 4 = \ln \frac{16}{4} = \ln 4$.
Step 5 :Substituting, we get $y - 2 = \frac{2}{\ln 4}(x - \ln 4)$.
Step 6 :Thus, the equation of the line PQ is $\boxed{y - 2 = \frac{2}{\ln 4}(x - \ln 4)}$.
Step 7 :To show that the line passes through the origin, we substitute $x = 0$ and $y = 0$ into the equation.
Step 8 :Substituting, we get $0 - 2 = \frac{2}{\ln 4}(0 - \ln 4)$.
Step 9 :Simplifying, we get $-2 = -2$, which is true. Thus, the line passes through the origin.
Step 10 :To find the length of PQ, we use the distance formula: $\sqrt{(\ln 16 - \ln 4)^2 + (4 - 2)^2}$.
Step 11 :Simplifying, we get $\sqrt{(\ln 4)^2 + 2^2}$.
Step 12 :Calculating, we get $\sqrt{16} = 4$.
Step 13 :Thus, the length of PQ is $\boxed{4}$ to 3 significant figures.