You'd want apprehensive for merchants and such. Seems like a hassle trying to get in and out of town without a key, though. Can't always count on someone else hanging out to operate the locked part. Longer term, it's a worthwhile faction to improve since it's nice having a base near the Hole at higher levels, and a key for that zone as well.
Given how overweight the loot from the Warrens tends to be, hopefully you have someone else to hand stuff off to in the meantime. I don't recollect whether there are any neutral-faction merchants in the general vicinity of that area. Getting through Erudin might be a hassle if you aren't getting a port. They won't like a Bloodsaber there, by default, and a shadowknight won't have too many options for invisibility at low levels.
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