I kind of like the idea.
It explains why Klo Tark didn't know where he's from, and who he was, without going to the "lost his memory" cliche.
Of course, there is a logical problem:
This assumes he was alone, still too young to remember his own given name, but smart enough to read his own language years later and name himself after the spaceship.
Still, it's a better alternative than most other options, and for a change - the explanation closes more plot holes than it opens.