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Of course keep the masterball and then brag to others how you're too good to use it.
If it's a must for using the Masterball, then Rattata, and say this: "Meh... it's just a Pokeball anyway. I don't need it for those pushover legendaries."
No one... that's obvious as everyone has their Master Balls in glass cases with lasers and security guards around them don't they? Of course there are bragging rights involved, but I like looking at glass cases... Yes I'm odd!