Here's what I think about the situation... and this is really just me and I don't expect it to work for everyone.
If we were talking about 500 bullets or 3,000 bullets, I'd be looking for a shooting solution. For 100 bullets, I would give them away or tuck them on a back shelf to be tinkered with years down the road.
With that said, I think you can "safely" load them in .38 Special but your results may vary wildly on the revolver you shoot them in. What I think is likely to happen is that being undersized, they won't be very accurate. But more to the point -- being undersized may cause them to lead-up your barrel, coated or not.
If they lead up your barrel, you absolutely must be aware of it and ensure you get that lead out afterward. Lead in the barrel makes it incrementally SMALLER in diameter... when all else is equal, that translates to increased pressure across the board going forward until the lead is out.
I also believe if they lead up a barrel, the leading would be far worse at .357 Mag velocities (1200+) than at .38 Spl velocities (800-900fps.)
As side issue you may find quickly, long before you even shoot them. Depending on what brass you are using and the exact dimensions of your sizing die and how much flare you impart... you may find out right away that you simply won't get terrific bullet pull/case mouth tension on those slugs in .38 brass. If someone reads this and thinks "bah, never seen it" then I challenge you to find some 9mm slugs and load them in to R-P headstamp nickel .38 Special brass and report back. You may find something new you hadn't yet seen.
For 100 bullets? I wouldn't goof with 'em simply because I typically have a
goal in mind where the end game is "I have a lot of these, what is the best way to use them?" Thus, for me, trying to do my best with the wrong components is basically a waste of time for just 100 slugs.
Hope that helps.