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Took the LSAT yesterday, and I bombed the LG section. Got too excited I suppose and after the first game I couldn't remember what time the section had started. Messed up my pacing, panicked for much of the section, and it really affected my performance. Since I know that my LG score will be far below my average (I usually miss 1-2, but sure missed more like 10 yesterday), is there any point in keeping the score? I know that I can do better on a retake. How do schools see a 5+ point gap and will a poor first score affect me worse than a cancel come admissions time?

I'm URM so I'm told that applying a little later like Nov won't hurt too much.

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They only care about the highest score. Ride it out and see if the curve is in your favor. If you got your ass kicked, more than likely others did too. You gain absolutely nothing by canceling.