There are a lot of imagined risks here, but what are the real risks? The real risks, as I understand them, are losing Global Entry/TSA Precheck vs increased chance of confiscation/not being able to get your package.
If you ship to your real address, no matter what name you use, and it gets seized, from what I have seen reported from people that this happened to, you risk losing Global Entry/Precheck for everyone in the household. You can theorize about other consequences, but this seems to be the only practical consequence that has been reported. You are too small a fish and the 'crime', if it even really is one, just isnt worth anyone's time to follow-up on. Unless you are importing large scale amounts of product for resale, the chances of anyone coming after you are basically zero. So if you don't care about known traveler programs, just use real info.
If you use a fake name, it doesn't matter for losing access to those programs becuse they seem to disqualify the entire household, but it may make it more likely for them to flag your package. If you are worried about Global Access and still want to order from China, a different name and address (work for instance) would likely protect you from this but again may make it more likely for your package to be flagged. Also, if it wasn't successfully delivered, you wouldn't be able to pick it up from a local hub. So basically bigger chance of losing your stuff.
I have ordered from China, but it was my first order and I didn't realize the risk to my known traveler status. Going forward, I'm sticking to US shipping. I have to be more patient, wait for things to be in stock, and potentially deal with more vendors, but it seems like the safest way to go based on my acceptable level of risk.