I have 3 groups:

Wyvrn (paladin)
Wyvrnsheart (priest)
Wyvrnssting (mage)
Wyvrnsbite (mage)
Wyvrnsbreath (mage)

Bax (paladin)
Abax (priest)
Bbax (priest)
Cbax (priest)
Dbax (priest)

I have done both ways, and like both ways...

However I only do pve, and that might make a big difference.