I voted yes for option #2, more so for your dedication to bumping this thread for 2 years.

I however could see some conflict should this be implemented. Back when I played Guild Wars, guilds were able to make their own customized capes which were cool. The big problem although was no one in the guild could ever 100% agree on one specific design. Related to your suggestion here, many people are very particular to their name orb, avatar and star colors. I’m not sure you would be able to get everyone’s agreement on an orb color setting for their guild name unless an option were included for those that chose not to have it appear in their profile etc.