| Mort the Cleverly Named |
The only case this could come would be wearing it under an Armored Coat, given that that is the only armor that can be worn on top of another. In that case, the coat says to use "the better AC value and worse value in all other categories." So it will depend on whether you consider "DR vs. small ranged weapons" to be a "category," or if "category" is only those things listed on the armor table.
I'd probably go with the second interpretation, myself. It isn't a game breaking combination or anything, and it wouldn't make sense for the Quilted Armor to become worse just because you had a coat on over it.