Personally I think its a bad idea, not because Socio was a bad guy, because he wasnt... but because you simply dont 'know' what other people in a community are going through. A lot of people play video games to exit the daily irl grind/stress/etc. By idolizing someone, even as respected and loved by the community as Socio, it makes it 'real' and may make others who feel they are just a shadow think they too can become idolized or seen, even if its just for a moment on some game server somewhere....
I know that's kinda deep and may seem irrational to some, but facts are people in the state of mind of suicide simply aren't in a rational state of mind.