If a slope detector has no *de*-emphasis, the audio will sound brighter than it should, not muffled. If it has proper de-emphasis, the audio will sound normal. There is no reason to have pre-emphasis in a receiver; pre-emphasis is a modulator/transmitter function.
Slope detection is not something different from FM demodulation. It is one of several different methods that achieve the same thing, converting a change in the carrier frequency to a change in the amplitude of the output signal. There is nothing in the slope detection process that is inherently lower in "fidelity". Fidelity comes from
At its heart, a slope detector circuit is a bandpass filter with a non-flat bandpass. Usually, the amplitude of the FM signal out of the IF strip is constant because it has been intentionally clipped. The response of the slope detector circuit to an FM signal is that at the output, the higher frequencies now have an amplitude different from the lower frequencies. Now that the amplitude of the signal is directly proportional to the instantaneous frequency of the signal, an AM detector can convert the FM signal into audio. Sensitivity and selectivity are handled somewhere else.
Note that I am talking about acircuit designed specifically to be a slope detector. This is not the same as detuning a radio so the station signal you want is sitting at the edge of the IF bandwidth. This causes the FM signal to acquire an amplitude variation that is loosely proportional to frequency, but because the IF bandwidth envelope slope is (hopefully) very steep, the results do have high distortion and excessive interference from other signals within the IF bandpass.
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