The current comics just made Kwannon a total Psylocke 2.0. From what I've looked recently, Kwannon from retrieving her original body, she just absorbed the mutant powers of the original Psylocke. Like telepathy, psychic knife and if you haven't been reading the current comics, and see the current Psylocke in the comics, you'd be confused that it isn't Betsy Braddock. Kwannon also took the codename Psylocke and iconic bathing suit costume. She has no own identity now imo.
I agree that the comics have made them too much alike at times but that doesn't mean the movies have to follow suit. Kwannon was always a telepath btw, even before the original bodyswap. I just accidentally wrote "telepathy" instead of "telekinesis". And even Betsy's katana use and martial arts skills all came from Kwannon during the original swap.
Revanche in the 90s looked more diXtinct with the curly hair and covered up costume.
But she looked that way with the curly hair because it's what Betsy looked like originally, so I wouldn't say it's very distinct. That
's literally Betsy's curly hair.
Imo, instead adapting the both of them, just go with the classic Psylocke
I think the issue is that there isn't really 1 "classic" psylocke. There is the original Betsy-Psylocke, which I guess is the most "classic" you can get (for the "Psylocke" identity anyway, Betsy had already been Captain Britain before then):
But the Psylocke that's probably the most iconic is the '90s one where Betsy was reimagined as being a different race, having different skills, different personality, etc. which was revealed/retconned a few years later to be her in Kwannon's body, using Kwannon's katana skills, some part of their personalities having merged, etc.
I'd say introduce a Betsy Braddock who is half-Otherworlder and lives with her brother Brian at the Braddock Manor in England. Upon her mutation she gets violet hair and strong psionic powers. She fights using psi-knives and psionic blasts and when she uses these psychic energy shaped like butterfly wings shows around her face. She gets a dark blue costume that shows off her arms and legs.
Eventually, after we've had this Psylocke in the MCU for potentially 7-10 years she gets a solo project where she encounters a Japanese woman named Kwannon. Kwannon is an assassin for the Hand or some Japanese crime syndicate. Her personality is at least initially colder and more volatile than Betsy. Her hair is much darker than Betsy's being almost black, but still with some purple sheen to it. Kwannon also has psionic powers though they are significantly weaker and less versatile than Betsy's. At the same time, she is much more skilled in combat and unlike Betsy she doesn't create psionic knives, but instead guides psionic power into a katana she possesses (kind of like how Colleen Wing guided Iron Fist powers into a katana at the end of Iron Fist S2). She also doesn't get the butterfly wings-like energy. Her costume is purple rather than blue, has more belts, and covers her entire body. She obtains the Crimson Dawn, which appears as a red marking over her left eye, and grants her shadow teleportation (her own unique ability that Betsy doesn't have) and enhanced physiology (which complements her already superior physical combat skills).
There's also other plenty more interesting X-Women out there aside from Revanche like Marrow, Cecilia, Sage, Monet, Polaris, Dazzler, Armor that haven't been portrayed or portrayed accurately in the big screen.
I'd love to see all of those. I don't see how keeping the door open to introducing Kwannon at some point would prevent any of those from getting the spotlight.