Resistors - 1/8th vs 1/4

[gordo]

I'm looking to place an order to round out the BOM on the Cascadia and the thought occurred to me that I seem to recall that larger resistors have less thermal noise.  Is this still true?

And if I push this further, are 1/8th watt resistors just a stop-gap measure to SM stuff?  I've accumulated a turd-ton of 1/8 lately, only because normally you buy in quantities of 100 or so even if you need just slightly more than 10.  Economy of scale.  But can 1/8 be substituted for 1/4 or is there a reason to stick with 1/4?

[madbean]

Lower wattage resistors can produce more noise in the aggregate but generally the low voltages in guitar pedals (say 9v) this is not such a problem. They are worse for handling current limiting applications (say if you have a large enough current draw through a series resistor).

Here's some good info: http://www.diystompboxes.com/smfforum/index.php?topic=93431.0