I have a client who has a product that I think a character would work nicely - I found some I like but I need to edit them quite a bit to suit my taste - will a standard license enable me to edit/recreate?
If you recreate something from scratch no one can stop you from using it. Keep in mind that it is against Stick licenses to use as a company logo. If the image is to be used in items for sale you may need the extended version depending on how it is being used.