I know this sounds stupid but....
Why have a squadron that was once really a squadron? And why have only real aces names used?
As you said, that is not very original. In fact, before those old hero's went out and made a name for themselves they were just a buncha scared yahoos trying to get by.
So here's a suggestion. Since this is virtual. Why not start a new squadron with a new name, never heard before, and recruit new folks with unknown names and create a whole new virtual aces high squadron that will go down in the anals of virtual history.