Walt, I'd recommend a 1/4" Fletcher Tru Peep... when you serve it in, be sure it angles towards your toes (down and out) while you're holding the bow in its static position. It'll square up perfectly at full draw.
I started off with those Shurz A Peeps like you mentioned, and absolutely hate them.... Once you get 50 or so shots through that 101st, it'll be pretty muich "shot in" and the strings won't move on you, so you won't need it.
I recommend the Fletchers over the G5s for a few reasons... 1) they were an initial sponsor of that whole Farbman WHA fiasco, 2) I've heard of several issues of their peeps "oblonging" out of perfectly round because of the lighter material, and 3) well, there's another one that I won't put into print.