1) "I'd expect to find used in all sorts of project names related to translation."
Indeed, except that this project has nothing to do with i18n like (most of) the other projects you are citing. This is a compiler project, not a multilinguistic project.
2) There is nothing called "Python Babel", it's just called "Babel".
Eclipse Babel (https://eclipse.org/babel/) is called "Eclipse Babel" so there is no name clash.
For some of the other projects, you have a (minor) point.
3) "The Firebird renaming wasn't so much sensible precedent as a good example of a Mozilla saying "okay please stop yelling, we'll do whatever you want"."
Mozilla had a much stronger reason to comply than just goodwill and being fair: the other party had a trademark (see: http://www.firebirdsql.org/en/firebird-brand-faq/ ).
4) The considerate thing to do would have been to call the project "Babeljs".