Outopia and Eutopia are only homonyms in English. In both Classical and Modern Greek they have distinct pronunciations. A friend of More's, Erasmus, also had a punning title in his Moriae encomium "In Praise of Folly", with The Latinized Greek Moria standing in for Sir Thomas' surname. It was published a few years before More's Utopia.

Ceci n'est pas un seing.