I agree with a few users when they say that it should stay as just a MOTS prize, and not a reward for people who qualified. But also with what Bawfle said about it being a prize for contests and such, I really like that idea. I remember when badges were a thing and it'd be a really great idea to bring them back.
I do understand some users would like the custom title but I don't see it as a "cool kids" or "special kids" thing. It's more of a representation that these users who have custom titles have given their all to this community. Not to say you haven't, but if you work hard enough and are passionate about FH, your time will come. You made it as far as being qualified for MOTS, which to me shows that you are already hardworking and dedicated to this community. Don't let the fact you didn't come out as a MOTS get you down, you can still do good for FH either way.
You don't need a custom title to be special, because every single one of the users on here are already so, all in their own ways, including you, Ellen.