You do not have the ability to default to the 'friendly report name', only the 'default name'. I would never want to use the default name (i.e. custom insight 1). We currently have 100+ report suites that use a standard menu structure. Each report suite might have a local variable used with a local name. However, when I copy a menu stucture, the friendly report name will never be copied.
Can you make the 'friendly report name' an option when copying menu structures?