Margot is so cool (it's going through a bit of a boom in popularity right now though, if that bothers you at all). I understand why it is though, cos it's great. Alice on the other hand is really dull.
I wouldn't have foreseen any issue with spelling and pronunciation (I'm actually amazed that some people pronounce the T, I've never heard anyone say it like that in my life). And taking the T off the end looks super tacky.