I have read almost no Rudyard Kipling. Being in an integrated school in the South shortly after the civil rights era, they weren't keen to teach a roughly 40% African American student body about the author of "The White Man's Burden". However, I read the story this evening and it was fine. A couple of things:
Fairies traditionally don't get on well with iron. So, Puck may have been correct to not call an iron worker a fairy. Semi-related, given the 19th century European and American fetish surrounding swords, I wonder if Kipling was using Weyland to evoke the (historical, but kind of exaggerated) Ulfberht sword.
I'm curious what kind of statement Kipling was making about the church. I find it hard to believe that a monk of that period would exhort a farmer to thank a pagan god, or that if pagan artifacts were dropped of at a church that they would put them on the altar. Very odd.