I just vaguely remember it, outside the basic premise. The premise is that it’s dumb for heroes to tell exactly what they do/are in their names. “The Human Torch” lets people prepare for him* by buying fire extinguishers for example. IIRC, the first generation of super-heroes are wiped out (by mob-types?) because the baddies know exactly how to prepare for them. The next tier of heroes all change their names to generic stuff like “Super-Power Man” or “Omni-Power Lass”. Once they’ve gone on a mission or two, they ditch the costumes, and grab new generic names. I’ve only read this once, when it was new and other than the name/costume stuff, all other details could be wrong.
Here’s the other clues I have:
It was in the format of an old fashioned Marvel Graphic Novel from the '80s, so it was bigger physically than a normal comic book sized graphic novel.
The publishers never did much else. They published one or two graphic novels, and maybe a few comics and that’s it. I vaguely recall that one of their other GNs showed a modern dojo (lots of wood, but looking '60s modern) and a guy with a tiger head and a karate outfit on it. At least I think that was them.
It was roughly 1986-1994, give or take.
I’d love to find it so if anyone has a clue, I’d appreciate it.
*This is pre-internet so the news would get out a load slower.