A side point in this discussion is the use of alliteration between Hebrew and English names as in the previously mentioned “Robert and Reuven.” Respectfully, this practice is not required by Halacha and is just silly.
As an Ashkenazic Jew, my family has always give children Hebrew names after deceased relatives. Everyone is familiar with this custom. There is no requirement, however, to attempt to translate a Hebrew name into something in English. Your son could be named Moshe ben Chaim and have an English name of Steven.
Somehow, however, I suspect someone will come up with an opposing view. 🙂