Wow, I am definitely going to go against what everyone else says here. First, you will get a slight "honey" flavor, if any at all. I think a better description would be just sweet. Second, I think you are absolutely going to notice it at a half of a pound. 1 full pound in an American Wheat is far too much. As a point of reference I used 6 oz in a blonde (other grains were pale malt, munich, and vienna) and I knew it was there. I cut it back to 4 oz the next time and it was just right. This malt is strong and will dominate the beer to disgust if used too much. That being said, I have never tried honey malt with the late hopping rate you going to use so I can't comment how that will offset the sweetness. However, my opinion is to start small and work your way up next time, not the other way around.