Replacing Identical/X templates
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Fragment of a discussion from Support/LiquidThreads
I don't think that search will help in cases where commons word will be used (name, user, edit, etc).
As about translation memory letters variation should be very strict (only punctuation marks, -s, -es for plural). And translation memory is not updated properly updated in all cases.
It'll not also help to refer to set of similar messages (Update, Updated; Load, Loading; Yes, No, etc).