Your situation is one where you may have been able to change the call right away after realizing your error. There is really nothing open to interpretation or judgment. The player did not double dribble. What would impact the outcome of the game more? Living with the blown call and taking the ball away, or giving it back to the offense and living with the embarrasment. It's a no win situation for the official, but I don't think anyone could fault you for trying to keep it from affecting the outcome of the game.
On a personal note, I had a similar situation occur when I anticipated a palming violation as the player crossed the ball over in front of a defender. I blew the whistle right as he palmed the ball and did not put it back on the court. I though for a second I could call travelling, but he didn't travel. I simply said my fault and gave the ball back to the offense. The only thing the opposing coach said (it was right in front of his bench), was "Bryan, I though he was going to do it too." Obviously we can't make a habit out of this type of thing, but when it's obvious, I think it's the right thing to do.
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