more beneficial in what way?
if you want to get faster, shred fat, engage your fast twitch muscles...just sprint. go flat or on a hill for around 100+ yards, then slowly walk back and go again, repeat for 6-10 dashes.
if you just want a balls-to-the-wall workout, the same workout will work, or tabata is good too. 1/4 mile is kind of a long sprint; that would take some serious fitness to achieve at a true sprint level. i would stick to a shorter distance, and about 1-2 minutes rest in between.