With RSLogix500, I gave up on the tagname ("Symbol") years ago when it was limited to 10 characters. I just use the Description (100 characters in five lines of 20 each) and turn off the Symbol display in the editor. (These days, the Symbol is up to 20 characters but that's still not enough, especially if the first few have to be something like "STN_01_....) So my ladder looks something like:
STN 01
Raise
Vacuum Port
Seal Lift Cyl
STN 01
Vacuum Port
Seal Lift Cyl
Raised
With the ease of Excel import, I do all my tag maintenance in Excel and just pull in updated lists as needed. You can copy the actuator or sensor base description and then change the ending to things like "Up Verified" "Failed to go Up Fault Timer" "Failed to go Up Fault" "Failed to go Up Fault Count" etc. Since these are all different files, after you create the base lists for command and feedback you just copy them to new file numbers, change the endings, and in a few hours I have hundreds of tags. The logic in the PLC is then identical for each actuator on the machine- just change the bit numbers- and the terminology is too which makes it easier for me to debug later.
I do the same thing for the HMI, and I have some Excel spreadsheets that concatenate the five 20-char fields into one that is sucked in for the HMI "description."
The only downside is that I usually have to create fake tags in the HMI (usually something like "N7_000" to "N7_255") for each bit or word of each data file that I want in the HMI, since you can't easily see the description when tying a tag to a screen object. And then, since "B03_08_12" is not all that descriptive, you have to go to the HMI tag editor and look at the imported description. But so far I've been able to live with that since it makes it a lot easier to read and maintain the ladder, which is harder than the HMI.