If you're in a situation that's stressful enough to impair your fine motor skills, then that means that things are happening rather briskly. I, for one, would wish to reacquire a proper sight picture on my "target" as quickly as possible. I favor the 1911 for serious social engagements and my training would have me lock the fresh magazine home and re-establish my firing grip with my support hand, while I simultaneously present the pistol towards the target and drop the slide with the lever which is (conveniently) directly under my right thumb, as JMB intended. It seems to me this would be quicker than bringing my support hand from under the pistol, over the top of the slide (blocking my sights), slingshot the slide, then get my hand back under the gun, re-establish firing grip while trying to relocate my sights and get on target before receiving any incoming. YMMV