It's kind of a shame that he was so hateful, because as a wordsmith he had some actual talent. But probably the only reason to read anything by him now is to be familiar with cultural references, which is a pretty weak excuse. Some of his works should be in the public domain by now, so if you do ever read those, you wouldn't be enriching anyone.

Clive Barker is able to evoke many of the same moods, but without the racism and misogyny, so you'd be better off just going with his writings, I think.