I have found that there at MC's and there are MC's, meaning some of the miscut cards look terrible. Others, not so much.
Given that the 1954 Topps don't have a top boarder, if the card is miscut top to bottom, it might look really nice.
Here is an example on eBay of a nice looking 8MC card:
https://www.ebay.com/itm/1954-Topps-...IAAOSwpq9e4qvA
As long as the MC isn't cutting into the name, I would personally consider it...
Just my $.02