Your Destiny account is directly tied to your PSN account. If you make a new one, the old account's data and licenses will not transfer over to the new one. You will have to entirely restart. Additionally, you can only have one PSN account tied to a Bungie.net account at a time, so if you wanted to continue using this one, make sure to link an XBL account first so that you don't orphan your account and lose access to it upon unlinking your PSN account.
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Thanks. I knew at least that much, about having to link a XBL account first. I guess I was just hoping that my Guardians' data was saved here rather than on PSN. But that answers my question; thank you again.
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No problem. Let me know if you need any more help.