I think it depends, if you will truly take the position because you like it better but there is an equity imbalance then I would say you should inform the poten

I think it depends, if you will truly take the position because you like it better but there is an equity imbalance then I would say you should inform the potential employer. Approaching it tactfully and letting them know that you would prefer to work with them, but that at the end of the day you trade your time for compensation and given the imbalance you would have to go with the offer that is offering higher compensation for that time.