Is there a control for just creating a VR only account ?
There is nothing stopping you have a "real name" account for oculus. You don't need to use that account for anything else.
and no, they won't ban you. They'll only do that if you are stupid enough to pay with a credit card with a different name. because that's a strong signal for fraud.
And again, if you're using a credit card they know your legal name and a boat load of other details.
You can, because thats what I do.