My answer to your question is no - I would not name my child after anyone.
In my immediate family it was the 4 "J's". John - Judy - Jo-Anna & Janet
So when my 2 children came along it was - Lance and Lisa. It was Jo-Anna, Ken and the next would be "L..." I was just following the letters of the alphabet.
The biggest thing was that I wanted them to feel as unique as I do. Lance - because I didn't know anyone by that name, and I wanted Laurie for a girl but I couldn't find a middle name I liked with it. So my mom asked me to pick Lisa Marie... It was after I sent her name registration papers that my mom opened her mouth to tell me that that was Elvis Presley’s daughters name...
I wanted to kill her for that! I was so mad at her for putting that label on my daughter.