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Its correct that as long as the stats and rules remain the actual name or even image of the character isnt really that important (as it doesnt really effect the game short of story / customization) So long as he follows its original in the codex to the fine line.

In short: no editing rules, no editing stats , no sandbox, no mix and match with other characters, (as mentioned above no army mixing (IE Black templar with Ultramarines or even SW with BA)

If everything is as it is with the original, only different name and maybe a customized model then no harm done.