I think it depends what’s most important to you. I really like [name_u]Reed[/name_u] [name_u]Orion[/name_u], I think it sounds nice and flows well, but at the same time [name_u]Reed[/name_u] [name_m]Konrad[/name_m] is lovely because it’s a nod to your dad!
I’d say go for the honour name, but if you’re not that fussed or don’t particularly want a family name in the middle I’d vote [name_u]Reed[/name_u] [name_u]Orion[/name_u], or the below sound nice:
[name_u]Reed[/name_u] [name_u]Everett[/name_u], [name_u]Reed[/name_u] [name_m]Konrad[/name_m] and [name_u]Reed[/name_u] [name_u]August[/name_u] are lovely!!
[name_u]Reed[/name_u] [name_m]Gideon[/name_m], [name_u]Reed[/name_u] [name_m]Connor[/name_m], [name_u]Reed[/name_u] [name_m]Callum[/name_m] and [name_u]Reed[/name_u] [name_m]Arthur[/name_m] also came to mind
I second [name_u]Reed[/name_u] [name_m]Konrad[/name_m] or [name_u]Reed[/name_u] [name_u]Orion[/name_u]. Both sound nice, and I like that [name_m]Konrad[/name_m] would honor your dad.
I think honour names trump others, assuming that you do like [name_m]Konrad[/name_m], so I would go with [name_u]Reed[/name_u] [name_m]Konrad[/name_m]. I also like [name_u]Reed[/name_u] [name_u]Everett[/name_u].
I like [name_u]Reed[/name_u] [name_u]Orion[/name_u] and [name_u]Reed[/name_u] [name_m]Konrad[/name_m] but since [name_m]Konrad[/name_m] is a honour name I would go with [name_u]Reed[/name_u] [name_m]Konrad[/name_m].