I hate peated malt, and find it tastes like licking an ashtray. But some like it. If you do that's great, but 1/4 pound is still a lot. It may not mix well with cascade (citrusy) hops. If you want a smoked flavor, rauchmalt would be my preference for a smoky flavor, with those citrusy hops. But flavor is subjective, after all, and if you love peated malt then by all means you should use it!