Honor shouldn't be restricted to just one
There have been several times where I get a good team with about 2 or 3 players that I really got along with and had fun while playing and one honor isn't enough for them all.
Honor is a system that Riot has been pushing for a long time now and it a method for trying to keep people from tilting (if you are good you might be rewarded).
i say up it to two or even three honors per match so that you can properly recognize your team.
Maybe even have an "unsung hero" honor, where you receive no honors for a match but was not reported (very slightly impact honors scores but still