This is a kind of 'Kung fu' sort of idea, but why not have rating belts?
Each coloured belt exists in a rating catagory, ie...
Rating banded tournies could then become belt tournies. If slightly smaller tournies could be organised for each group (up to 16 players say), players could add Notches to their belts for scoring a certain result (say a minimum of 12 out of 16 score over all).
For the players in the Highest catagory 'red', there would be Honours like RHP Master.
It's similar to the Fide system of rankings, just a bit fluffier