If I may throw out some constructive criticism, I think it's too busy. Also, no flag with text on it is a great flag (including both the TNG era UFP flag and the flags of most the US States.) The more text there is and the smaller the text, the worse it gets.
I think the idea of a flag for Lake Armstrong is a great idea, but I'd hope to see a more purely graphical concept.
Keep it up!
--Alex