Agreed decreptit, they do work as a canard (which is well known in aviation) so thus they should theoretically work.
And Easty yeah they did work! My theory (apart from canard wings working to incease angle of attack before loss of laminar flow occurred) was that when a fin spins out it is due to loss of laminar flow on one side... like a big air bubble (or vacuum) on on one side, so it slides sideways. A slot allows a transference of water from one side to the other thus allowing fast spinout recovery with less rider input.
Any doubters should go out on a 80L waveboard and 40kn with say a 4.0 - 4.5, in mega chop, and a normal 23cm fin. Then change to a old 23cm slotted one. I think it will work!
The pictured one, IMHO, was not the best. I reckon the best ones had a slot about 5mm wide and shorter than in this pic, much smaller, and the slot was beveled evenly all around so the slot has a "round bevel" at each end. When it is not so late I may try to find a pic