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So it keeping the name mght be a bit like the Mark of Cane, only voluntary? It chooses to bear it as a reminder of it's guilt?
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I like that idea, but really we have no clue.
The Shadowstar name and Nictus passes on to female bloodline descendants, but probably only started doing so once she/it became a Warshade 5,000 odd years ago and had to find willing hosts rather than just taking by force. With Requiem we don't know who Dirge of Entropy's previous host was before Uzzano, just that Dirge is a particularly powerful/respected Nictus. With Arakhn I don't think we even know what her Nictus is really called (except that potentially her Nictus might be the leader of all Nictus, from hints in the Warshade arcs) and the same with Romulus (both of them, if the Warshade and the Cimeroran fake Emperor aren't linked).
It could be that every Kheldian and Nictus just follows their own naming scheme - I mean Nictus take hosts by force, so some Nictus might think so little of their hosts (just a meat vehicle, right? 
) that conceivably they could go by their Nictus name all the time.
We really don't know enough named Nictus (nor all 3 of their potential names) - redeemed Warshades or otherwise - to really know if they all follow a similar naming scheme, or even if the Kheldians (which they all once were) do the same.
I don't think the Devs really want to nail down too much lore in advance, so they still have some leeway when planning future content/storylines. The only place it's probably written down is in the game's story bible, and you'd have to kidnap Hero 1 (the Dev) to get at that.
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Do we know that it is the same Nictus that talks and then merges with Romulus? I've always thought of it as some kind of Nictus Overlord who speaks with Romulus and then gets one of his Nictus underlings to merge with Rom.
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I guess it's possible, but I tend to prefer the simplest explanation (Occam's Razor, and all that). We've actually run into the area when the cut-scene triggers - before that Rom has no Nictus around him, but when the cut-scene ends he has 3 Nictus with him without hosts, as well as the Nictus inside of him.
If it was the senior Nictus that was speaking (and Rom did call him Master, iirc) then it makes sense that he'd take Romulus as host - remember, Nictus only live ten years without a host (same as Kheldians), and the bonding process makes them more powerful - it makes sense to me that the Nictus leader would want to bond with a mortal host who was also already the leader of the region they were in.
Again, it's the simplest explanation.
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Who was the chap talking to Romulus before he got his Super Zoanoid Form with silver trimming and personal purple fluffie entourage?
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It was the Nictus that then actually merged with Romulus, hence why the black & red "evil" text bubbles went from being offscreen (the Nictus without a host) to coming out of Romulus' mouth afterwards (the Nictus had taken Romulus as a host).
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Do we know that it is the same Nictus that talks and then merges with Romulus? I've always thought of it as some kind of Nictus Overlord who speaks with Romulus and then gets one of his Nictus underlings to merge with Rom.
Icelock - Ice/Storm Controller
Command Bot 1 - Bot/Traps MM