My complaint about the naming convention is that so many people have taken liberties with the names that they no longer actually mean anything. Someone mentioned Superman Monti - which is the perfect example. The Superman monti is just a blue-based monti with red polyps. It's an unusual, but obviously not rare color combination.
However, there is only one "Superman monti" that is version that originally came from Tubs/Bruddah. But people have simply decided that any blue/red monti danae is a superman monti. So you get blue-ish / red-ish montis that are sold as "Superman Monti" and you have no idea what you're getting. I think it's funny when I see someone list a Tyree Superman for sale - you know that person is just slapping the Tyree logo on something.
I recently spoke to a LFS that had XYZ coral - a still hard to get LE coral. I asked where he got it and he said he had gotten it in a wild trans-ship. Than it isn't an "XYZ". You may think it looks similar, but it isn't "XYZ".
The theory behind naming corals is that you know what you're getting, and what the coral has the potential to look like (obviously, that can still vary wildly). The problem (IMO) is that so many people take liberties with the names, that it no longer means that - now it just means that people are trying to sell corals for more money.
(steps of soapbox)