If your problem isn't solved, then why did you mark it as [SOLVED]? People with knowledge might not even open your thread if they see it as solved.
Anyway, I have the same problem with one of my old PCs. Even though I select a USB stick as 1st boot device, it still boots the LILO from my HDD. I solved it by disabling in BIOS the HDD which has LILO on it. It's usually in the first section of BIOS options, I just set my HDD from [auto] to [none]. With this setting, PC boots from USB and the HDD is visible to the Slackware installer.
Looking at your previous thread, it seems to me that you have
Parallel ATA drives (due to master/slave issues). However, how can you set "IDE channel 4 master: [DVD]"? I've never seen more than 2 IDE channels. Or is that DVD drive
Serial ATA?