I for one would love to be able to do this. This game lacks proper customization, especially since everybody is striving for the same exact armor. I would love to be able to use some sort of purchasable transmutation consumable that lets you change the skin of any legendary armor piece (exotics would not be able to be changed) with the skin of any armor you like. Stats, light, and name of the original armor stays the same. Maybe put two little diagonal lines in the bottom corner of the armor icon in the menu to let other who inspect you know that you've changed the skin of that piece. Just kind of thinking out loud here.
Anyways what do you guys think?
Edit: To clarify, I'm talking about the actual models of the armor. So for example, I'm not a big fan of the raid gauntlets for my hunter but I've saved a pair of rare gauntlets called CRYPTID 4.6C because I really like how they look. The idea is to have my raid gauntlets look just like the CRYPTID 4.6C model but still carry the same light, perks, and name of the raid gauntlets.
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I personally like the bandanna-on-my-helmet look of earlier levels.