I was thinking now that Carol Danvers has relinquished her "Ms Marvel" moniker, perhaps Monica Rambeau ought to pick up the name. Never liked "Photon" or "Pulsar."
I also strongly feel that Monica needs an entirely new power-set in order to be workable in contemporary comics. Monica was created at a time when storytelling devices such as thought balloons and the omniscient narrator were still in fashion, and now they're not. It's easy enough for an artist to convey "Captain America throws his shield" or "Wolverine pops his claws" or "Iron Man fires his repulsors" without accompanied narration, but "Monica shifts her body into neutrinos?" Pretty difficult to get that across to a reader without bringing narration into it.
Not too keen on Monica called Ms Marvel - thats just too confusing and anachronistic... but that is my personal preference... my resolve is strengthened by that fact that BINARY is available and a seeming better fit - given Monicas light-based powers are very simlar to Carols BINARY powers that tapped into a 'White-hole'
but I like the thrust of your notion... giving Monica one of Carols former names...