fishfrank,

Here's my thoughts. If you want a bass/BG pond, go for it. Conventional thinking isn't always right, and in this case you can have the bass, but may have to limit the fishing pressure.

I purchased property several years ago that had three ponds, one of only 1/4 acre. That little pond of 1/4 acre (and thats being generous) would produce excellent fishing for bass...but only infrequently. If you fished it often, it wouldn't work....but fished only three or four times a year, I could reliably count on catching 20 bass on a fly rod each time. It also produced a seven pound bass once.

If you want a fishery that you can fish often, then LMB in a small pond won't work...go with catfish or something else, but if you want LMB and can limit fishing pressure...go for it.