Well, it should be noted that Angel Wing was never named in dialogue; it's a descriptive term for her limit break, referring to the fact that when activated, she shows angelic wings.

There doesn't seem to be any support for linking faeries and the powers of the Sorceress, in dialogue or in the tutorial files. The mark of respect is, as Unknowns said, 'Hyne's Descendant'. Faeries were apparently relatively benign in FF8 (though my only support for this was that only good things were associated with them; snow, 'help' in battle), whereas the Sorceress power is usually feared, whether the witch in question is good or evil. Hyne, after all, was a very unpleasant deity, and it's in myth his power that the Sorceresses wield.

So, I don't see how faeries and Sorceresses can be linked.