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We don't have a policy about this but it's never happened that a few cancellations affected the final tier. Every time a few people cancel, others join before the drop ends and it just solves itself. If that didn't happen we would probably buy a couple for staff here to honor the lowest price- no worries!
That's a great stance to take. Makes me happy to be a Massdrop supporter.
I was part of a Beyer T1 drop sometime last year that hit the min drop, completed, and I paid for that amount, only to see the following day there was one less person in the drop. As far as I could tell, I wasn't charge any extra, it just shows the next lowest price as the final price.