Leads aren't all that amazing, they're great for horses but outside of that they tend to break a lot making them easy to be lost. Slime is a very scarce resource and hard to obtain, so this combination just doesn't work very well. So my suggestion is to please make it so slime is not required to make a lead.
I also found it funny that even the wandering villager has similar issues with leads breaking, which is how I got my lead so early in the game, despite being a more late-game item. A perfect example of why it shouldn't be a late-game item. Leading animals with food would still be viable, because it can get a herd of animals to follow you in a more reliable way.
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