I seem to remember an LPGA Tournament some years back played at Moss Creek Plantation
just off Hilton Head Island ( and its a gem of a course) and it was called something like the
Ladies Masters. The people at Augusta requested they drop the word Masters from the title
and they did. It only lasted a couple years.
On the original topic, there is one and only one Masters and it will remain that way.
I do attend an LPGA event yearly and enjoy it. I've watched the tee shot yardage increase dramatically
in the last 3 or 4 years, but as an earlier post stated they are a long way from PGA standard putting.