Hey there Makeratore!
It wasn't compatible but it is now, I have tested with item renaming, and discarding. When you discard an item, it will be placed on a random empty tile next to the player, if an item has a picture or picture image assigned to it, it will show that as the visual loot on the map instead. And if you are using the <Text Color: ID> it will color the name of the visual loot drop upon display appropriately.