You'll have to cut the cable, regardless of the slits. You can either cut extra length from the cable at the end, and replace the nipple. Or cut the extra length out the middle and clamp it.
The slits mean you don't have to feed the cable through CP14, you can just slide it up into the retaining holes. It does make life easier for maintenance and adjustment, but its not life changing. Its certainly something I wish I had done (I cut my cable in the middle and clamped it)
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