The first prophetic quotation (You are my son) comes from the Psalms. The prophet Samuel wrote the second one (I will be a father to him). All occurrences of "he" refer to Jesus, the Son. The word "You" refers to Jesus, and the words "I" and "me" refer to God the Father.
# as the name he has inherited is more excellent than their name
Here "name" refers to honor and authority. AT: "as the honor and authority he has inherited is superior to their honor and authority" (See: [[rc://en/ta/man/translate/figs-metonymy]])
# he has inherited
The author speaks of receiving honor and authority as if he were inheriting wealth and property from his father. AT: "he has received" (See: [[rc://en/ta/man/translate/figs-metaphor]])