If you are talking about the 200 gn xtp slug used in the 44 spl, and 44 magnum, it is not a good idea. The bore diameter on the 44-40 is .427, unless yours measures out to .429 or better. A .429 diameter slug down a .427 bore will give you lousy accuracy, if any at all, and should jump or spike your pressures noticeably.
If you have slugged your bore to .429 or larger, as may be possible with original 92s, then you should be able to use the .429 diameter slugs. If your bore slugs to .427 then I suggest you go with a proper diameter slug and for whitetail (if that's what it is for) I would suggest a cast slug, properly sized.
There are round nose flat point cast slugs avialble for the 44-40, sized to the right diameter for your rifle and since those were quite capable of bringing home the venison I think I might avoid the cost of jacketed slugs and go with original loadings and the like.