Boogerman, I see you left Matt. 19:28 out. These sit on thrones. Who sits on a throne? See Rev. 3:21.
"and made them to our God kings and priests; and they shall reign over the earth." (Rev. 5:10 DBY).
"You made them into a kingdom for God to rule, cohanim to serve him; and they will rule over the earth" [lit. "on," καὶ βασιλεύσουσιν ἐπὶ τῆς γῆς]. (Rev. 5:10 GNT). (Rev. 5:10 CJB)
So who is right? See Rev. 9:11: "They have as king over them [lit. "on," ἔχουσιν ἐπ᾽ αὐτῶν βασιλέα] (NA28) the angel of the abyss, whose name in Hebrew is Abaddon, and in Greek, Apollyon."
According to the dictionaries and lexicons: ἐπὶ, marker of power, authority, control of or over someone or someth., over
a. w. gen. (Hdt. 5, 109 al.; Mitt-Wilck. I/1, 124, 1=BGU 1120, 1 [5 BC] πρωτάρχῳ ἐ. τοῦ κριτηρίου; 287, 1; LXX; AscIs 2:5 τοῦ ἐ. τῶν πραγματε[ι] ῶν=Denis p. 109) βασιλεύειν ἐ. τινος (Judg 9:8, 10; 1 Km 8:7) Rv 5:10. ἔχειν βασιλείαν ἐ. τῶν βασιλέων 17:18. ἐξουσίαν ἔχειν ἐ. τινος have power over someone 20:6. See BDAG.
Christians are referred to as kings in Rev 1:6 (v.l.); 5:10 (v.l.). e) Βασιλεύς is used for the king of the а ἄβυσσος in Rev 9:11. See EDNT.
As for βασιλεύω, I can't find any dictionary or lexicon backing you up. Yes it means "reign" (with a king in mind) • βασιλεύω fut. βασιλεύσω; 1 aor. ἐβασίλευσα; pf. 3 sg. βεβασίλευκεν 2 Km 5:10 (Hom.+) to exercise authority at a royal level, be king, rule (B-D-F §177; 233, 2; 234, 5; Rob.: 801, 833, 902). See BDAG.
βασιλεύω be king, rule w. gen. over or of something Mt 2:22; also w. ἐπί and gen. or acc. Lk 19:14, 27; Rv 5:10. Fig. Ro 5:14 . Of God and Christ Rv 11:15. In aor. (ingressive) become king Rv 11:17; 19:6. [pg 34] Gingrich Lex
βασιλεύω [βασιλεύς] be king, rule 1 Ti 6:15; w. simple gen. over/of Mt 2:22; also w. ἐπί and gen. Rv 5:10, or acc. Lk 1:33 . In imagery Ro 5:14; 5:21ab; 6:12. – In the aor. β. = become king 1 Cor 4:8; Rv 11:17; 19:6. DankerLex
Ordinary rule: ἄρχω, by a ruler: to rule or govern, w. implication of special status, rule act. w. gen. over someth. or someone.
ἄρχων: ruler. one who has eminence in a ruling capacity, ruler, lord, prince. See BDAG. Interestingly, Jesus is referred to as "ruler over the kings of the earth" in Rev. 1:9. At that stage he was not yet king.
But Boogerman, I do it my way and you do it your way. You can believe what you like and interpret the Scriptures in any way. Let me not stand in your way. As long as you are happy with what you believe.