I'm not affiliated with AVS. But Stephen is my buddy. He's an innovator and all around great human being. I've done my fair share of powder coating slugs. You can definitely add concentric mass to a slug by doing it. However, it becomes difficult to maintain consistent weight when you start doubling and tripling coats. This is because there are 3 ways to powder coat slugs. You can do the shake method in an old Cool Whip container that many of the guys who powder coat slugs use. But the downside of this is it's rough on the slugs because in order for the electrostatic magic to happen (where the powder adheres tot he slug), they need to be shaken violently. This is fine for large bore slugs (say 150gr or larger), but you will damage the smaller details on the smaller caliber slugs.
The 2nd technique is using a spray gun that is positively charged and spraying the slugs on a negatively charged surface. This way will give you even results, but it's more time consuming that the 3rd way.
The 3rd technique is to stick the slugs into a vibratory tumbler with some powder coat and let them go for 10-15 minutes. The slugs rubbing against the inside of the plastic tumbler will charge them and the powder will adhere. But like I said, if you want to maintain consistent weigh ratios on the slugs, I don't recommend multiple coats. The hollow points will start to clog with powder, and once you bake them in, the powder is in there for good. I didn't find this happening with 1 coat. Only with 3 or 4 coats. So you gain concentric mass, but potentially give up overall accuracy by offsetting the delicate balance of weight with the slug.
Sometimes it's easier to just buy what you need. I'd get a few sample packs from Stephen. I have found that my gun likes the cup base the best.
What platform are you using (i.e. rifle)?