Option to over ride login link and text

Also is it possible to over ride the login link to use the /my-account/ login page that comes with woocommerce? We dont like that it sends you to the wordpress login page that is branded with WordPress

wpDiscuz uses wp_login_url() (/wp-includes/general-template.php) which uses a filter on its return:

return apply_filters('login_url', $login_url, $redirect);

you might be able to add a filter function to functions.php of your theme, to influence the link; example:

add_filter( 'login_url', 'my_login_linkchanger');
function my_login_linkchanger( $link ) {
  /*whatever you need to do with the link*/
  return $link;
}