Cancelling final round superday at Tier 2 after receiving MBB offer

I had scheduled a final round superday with a Tier 2 firm shortly before finding out I got an offer at an MBB. I don't think there's any reason that I would accept the Tier 2 over MBB because of an array of factors (specialization vs. generalist model, exit opps, etc.). Would it look bad on me or my school if I were to cancel my interview at this point?

Additional context:

- They said I was confirmed for that day but I have yet to receive a schedule, so not sure if they've already scheduled my interviewers and such.

- This is the first year they have recruited from my school, and I'm worried that rejecting an interview might hurt their perception of my school.

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