That's similar to the method I use however my Mossberg is set up to make it easier.
To do my slug select method. First you need to file out a little clearance on the front of the shell lifter. Don’t worry this has never caused any kind of malfunction, if you removed too much it might though.
Second modification is that you must have an AFG with an enlarged hole in the middle of the triangular area.
With a full tube and a loaded chamber you press the action unlocking lever and crack the action open with the forend
This is where the shell lifter and AFG mods come in. The AFG mod should give you enough room to get your finger inside the AFG. The shell lifter mod should give you just enough room to get the tip of your thumb to the tube when the lifter drops. You press the last shell in the tube forward just enough that it won’t load when the little shell interrupter jumps out of the way.
With your hand in that position pull your index finger toward the thumb which will fully open the action ejecting the shell from the chamber while simultaneously preventing a round from being fed from the tube.
Now reach forward and use your thumb to press a slug out of the two shell holder into your hand. (My hand isn't really in the right postion here to catch the shell because that hand is also holding the gun in place for the picture)
Reach under the gun and toss the shell into the ejection port, then and slam the action closed.
It sounds a little complicated but it is no more difficult than getting a reload into a magwell. I can easily go from being on target, fully loaded with buck shot, to getting a slug down range in less than three seconds from the buzzer on my shot clock.