I never really told anyone this but I used to cringe when I saw Blundermore in the main server lore... it just looks so out of place... Makes me wish I changed my name prior to becoming an Ascended just so that could've been changed =[
Have you considered that the name "blundermore" may have become much more then just a contraction of two words, because of an important figure having this name? It has become more of a name then the meaning of the two words you combined, at least to me
I understand this may be different for those reading the lore without knowing the name, but I think that won't be that bad. Its hard for me to explain.