No, you're still using the trope wrong.
Magnificent Bastards are master manipulators who always have every variable under control, and as such are nigh-unbeatable. If they are ever beaten, they'll just sigh and enact their magnificent backup plan, which puts them on the path back to power once more.
As such, they are always villains, even if they are the protagonist.
Medaka hasn't shown the sheer PLANNING ABILITY required of one. Yet.
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