Hi hgencer,
Unless you have a really good reason not to, I would go with mmccarn's second suggestion of using the SME server in server-gateway mode, with the ADSL router on the WAN/'outside' and the other network devices on the LAN/'inside'.
I have several SME servers in this configuration and it is an 'out of the box' configuration for SME server so everything will just work as intended. Also because our ISP gives us a small block of fixed IP address I don't even need the ADSL router to do NAT, the SME server gets it's own real IP address. This removes the need to do any port forwarding on the ADSL router to get incoming services like email,ssh,ftp,http etc to work.
Mark Leman