I just made some last weekend with lil polskies which are just small kielbasa and they were unbelievable. I made 30 of them for people at a party and they were gone in 15 minutes. Haven't tried it with the lil smokies yet, but sure it will be about the same.
We use Lil Smokies all the time. Pretty much the best, but we have been trying to make ABT's alittle more healthy. Low fat cream cheese, low fat Cheddar cheese, half a strip of bacon and we cut the Lil Smokie length-wise so we can do two ABT's instead of one. I don't see a problem with your idea though either.