That will override mIRC's nick coloring feature though. While that is acceptable for 90% of people, I personally don't like overriding features
My advice to people making scripts and DLL's: Enhance, Don't override carelessly.
BTW: Do you really want to use files with comments like "it hogs memory and when there are too many users in the channel the nicklist crashes :-/", I know I wouldn't. I have heard NickLust.dll is better, But that also overrides mIRC's nick coloring feature.