I'm all for naming your kid something unique, but moreso than bullying in school (rhyming "Yuna" and "tuna" for example), you need to consider that this person is going to be a, hopefully, successful adult. I've known a number of people with names apparently so embarrassing they refuse to tell people and legally change them. My own other's middle name mortified her to the extent that it took her years to even tell me.
Weird as it sounds, some name decisions can create small rifts between parents and children. Unique names are important to the parents because of life events, family ties, or even a favorite character from a book/show, etc, but any parent must accept that some kids may not have the same sense of importance about the name. Not every kid will resent being named something not found in a boring baby-naming guide, but some will.
Anyway, the rule that I've heard is that when naming a kid you need to definitely be sure of the meaning behind it (the etymology because even seemingly made-up sounding names can have roots in real words and some names can mean unusual/undesirable things), and then don't think of how cute a kid is going to be with the name, think instead of the kid at age 50 with an incredibly serious job.
Examples:
Chief Justice of the Supreme Court: SEPHIROTH BUTZ LOPEZ
Vice President: WEDGE RONI
Head of the CIA: FuSoYa VIVI HAMMON
Nobel Prize Winner: YUFFIE VANILLE SMITH
CEO of a Fortune 500 Company: SQUALL GAU ROGERS
Elementary School Teacher: KEFKA EXDEATH SANTOS
Most of them are in caps because I'd like to imagine people screaming them out loud enthusiastically as an announcement. Oh, and never forget when they cross the stage for their high school graduation:
"ASHELIA JENOVA COOPER"
People also joke that if you have a name that's too far from the norm, that there are only three professions you can pursue: [1] Exotic Dancer, [2] Musician, [3] Hippie. Crass, but it was certainly true for Meatloaf and Jewel.
Anyway, all jokes aside, naming your children is a big decision because they're going to have these names for their entire lives. You should name your child something important to you, but I'd suggest keeping it in the mainstream, especially because there are names that fall in both the mainstream AND the lifestream.
So I'd say go for it, but consider the degree. Red XIII is just ridiculous.