Duplicating System Fields

Duplicating System Fields

There are a handful of system fields - some of the key to the underlying CRM - where we would prefer to use different names for the fields, i.e. "Contact OWNER" is a no-no term in out institutionalize sales programs, but I know/understand that these cannot be edited.  

Therefore, I wondered if it isn't possible to create a custom field that would be automatically populated with the same value as the system field thereby allowing me to hide the actual system field and use/display my custom field with an alternative naming convention.  

Is this an easy fix?  Please advise