Bandersnatch,
Extending the taper would merely increase the gripping area, making removal more difficult, not to mention exceeding the long agreed / accepted standard dimensions for Morse tapers.
Moving the slot could be likely to reduce the gripping area.
With tolerances on both male and female tapers the position of the end of a taper will vary. Max size Male in Min size Female will push the tool forward. Min size Male in Max size Female will move the tool inwards.
With an included angle of nearly 3 degrees, (Differs from one MT size to another ) a thou or two on diameter can make quite a difference in position. TAN 3 = 0.0524, so a 0.001" difference in diameters would shift the point by 0.0.019" either way., so that you could differ by 0.038" , so the drift and slot sizes would need to be controlled more precisely..
Steviegtr has reinforced what I said, and explained just why the tang is there.Thousands of Engineers have used the tang for the purpose for which it is intended. If it's wrong, it has been wrong for a very long time!
(I do not follow the logic of a slightly different angle for each size of Morse Taper; preferring the constant taper for all sizes of the Jarno. But that is way that everyone accepted things, so we live with it, in the same way everyone decided to use right hand threads, rather than left, so we are unlikely to change it now )
If you don't believe me BANG a Morse taper without a tang in to a female taper where there is no access from the rear, and let us know how you got it out! An open ended sleeve with an extractor thread is cheating!
But unless you are very lucky, it will not be easy!
It can be done
Howard