Random,
You are probably aware of this, but former Moto-GP racer, Gary McCoy was considered the "King of the Slide". He explains it as, "just playing with the throttle", which is far from the truth. If the bike has sufficient (explosive) untapped power in reserve, you can break the rear tire loose (assuming you are not at an extreme lean angle), say 25 - 35 degrees by simply cracking the throttle open (to start the slide), then by backing off and modulating the throttle to continue and control it (like you would for a wheelie). A high side is always a possiblilty when you do this, but if you are careful and smooth easing off the throttle and stand the bike up as you exit the corner, it can be done. You should be very confident at what your tires will do when you attempt this. Most guys who came from riding dirt bikes before starting road racing can do this instinctively.
An observation on McCoy's Moto-GP career, he proved he could slide (at will) and still win or place podium spots. It was his unique riding style, and it worked for him, but not others. Sometimes you will see a rider in a moto-gp race power slide at the end of a race to celebrate, but in general they don't do it because it has risks and is not considered the fastest, safest way around a race track.
Rhody...