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I've never met or even heard of anyone called Royce, although Roy was fairly common here at one point and I once worked with a Royston.
Philip is good, sturdy & simple & not too popular atm, & James is the uber-classic name that never seems to be out of use. They're both nice names, but I think I'd go with Philip because there are too many Jameses and Jims and Jimmys in my family already.