I'd like to start this response by saying that while the Op's suggestion is very unrealistic and poorly thought out, I don't think he deserves quite the backlash he is receiving. It's not thing to vehemently disagree and another to just plainly insult someone. Give the guy a break, obviously he didn't really know what he was saying.
On the topic itself, inducting Owen as the Blue Blazer would be a slap in his face and a blatant disrespect of him and his legacy. If anything, you induct him as "The King of Harts" as that was when he was really at his best. The Blue Blazer gimmick was embarrassing to Owen and he hated it, he thought it was humiliating and a slight against him. He should most definitely be inducted but at this current point in time his wife will not allow it due to her own personal reasons.
On the topic itself, inducting Owen as the Blue Blazer would be a slap in his face and a blatant disrespect of him and his legacy. If anything, you induct him as "The King of Harts" as that was when he was really at his best. The Blue Blazer gimmick was embarrassing to Owen and he hated it, he thought it was humiliating and a slight against him. He should most definitely be inducted but at this current point in time his wife will not allow it due to her own personal reasons.