The displayed title of any icon can be changed in ZLauncher by tapping and holding the icon, selecting info from the list, changing the name, tapping the Save button, tapping the Yes button. You don't have to keep the "*" at the end.
BTW, ZLauncher will not show any indication if the program is in RAM, it will show a little memory chip (lower right of icon) if it is in ROM, it will show an arrow (lower left of icon) if it is on the card and invoked via a ZLauncher shortcut, and it will show a little memory card (upper right of icon) if it is being loaded from the card from the standard Palm launcher location.
And this, like virtually everything in ZLauncher, can be customized. The "TAG" can be set for each of these under the ICON tab on each ZLauncher tab!