I mean, in a metaphorical way or as a metonomy it might work. I just postet the literal translation. Frieden is definitly peace and richter is because of the -er indicator a person = judge. But in a less literal sense, your proposition sounds solid :)
If anyone is interested in his name:
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Frieden Richter
both are German words meaning
Peace Judge
As far as telling names go, this is an interesting name for a demon king :D