I think you made the right choice, I am used to people who are starting out asking me questions.
Warez can pretty much be a dangerous game, although it is only usually dangerous when the website gets to become very large 40,000 uv's or more a day, I would consider that somewhat large or when it comes to hosting illegal files (which I do not allow on the server).
I have found that most people prefer to chose Namecheap for warez-linking domains although, I believe no domain registrar is safe due to what happened with megaupload.