We have an very institutionalized BD program which makes the term Contact "OWNER" a major contradiction. 

Though it is semantics this and some other system fields have names I would prefer to change, but cannot.  

I am wondering if it isn't possible to then to use a workflow or other tool to have the values from these system fields copied into custom fields thereby allowing me to hide the system field and display the custom field with my preferred naming convention   

Can someone confirm whether this is technically possible without concerns about out of sync fields (between system and custom), recommend the best tool to use and if it requires a Custom Function provide some sample code.