Not really, if you are a scientist. While there is no universal definition of a genus, it is quite clear from DNA work that some plants thought to be closely related are in fact far apart, and just look the same because of convergent evolution. So, if you believe that a shared genus name indicates a close relationship (rather than simply a similar appearance), which is really a given if you are being logical about things, some names are not "perfectly fine". In this vein, I guess many people would be upset if I called their Echeverias "cabbages" just because they look similar...
A good example alreadt given by Karl is Rebutia -plants that were thought to be all in this genus are now known to be divided into "true Rebutia" i.e. related to the plant which defines the genus, Rebutia minuscula, and "the others" Aylostera and Medilobivias, which now belong in the genus Aylostera.
So, while the names Rebutia muscula and Rebutia pygmaea are validly published, if you are being logical about things, you really ought not call them Rebutias, but Aylosteras.