That slag is a mixture of lead oxide and impurities in your lead. Use caution when using wheel weights because more and more of them contain some kind of alloy other than lead. You don't want to get any of that stuff in the lead you are using to make balls. Another thing to consider is that as your alloy changes, the density can change resultikng in a ball of a different weight than one made from pure lead. Of more importance is the difference in thermal expansion coefficient betweern different alloys. What this means is that different alloys will turn out different size balls from the same mould. These differences are only a few thousandths of an inch but make a difference in how the ball fits in the bore. If you cast some balls from pure lead and then use wheel weight metal to make more balls from that same mould you will find that they are not exactly the same size nor are they the same weight.