for sanctioned tournaments can one use say a unique wasp or electra and the generic versions?

Yes. The Unique restriction is that you may not have more than one Unique figure with the same name. You may have Unique Hulk, Unique Mr. Fix-It and regular Hulk all together, but you may not have more than one Unique Spider-man.

Does that help?

it sure does, thank you very much for the reply