I have a problem similar to this (not recognizing pendrive in the installation):
Slackware 14.2 was downloaded and stored on a flash drive with the "wget" command. I can do the installation normally, it is recognized by the installer "Sarpi".
But the version that interests me is current.
However, with Slackware-current things are different:
I stored the System on a USB stick, the same way I did with Slackware 14.2
I also installed "Sarpi" (corresponding to this version) in the micro-sd, but the installer does not recognize the pendrive!
And even though I choose the option "Install from a pre-mounted directory", the installer does not advance!
Note: first I have mounted the pendrive in the / floppy partition and I see the slackwarearm-current folder there, but it is not recognized by the installation script in any way!
What I really wanted was a ready-made image of the Slackware-current System (of any age) to install everything on the microsd by the "Etcher" utility, without any frills!
And once installed, I could customize, taking out or adding whatever I wanted. Only that!
And so I would leave the installer Sarpi at once ... But I have not found
another way to do this installation in addition to the Sarpi method or the Network.
But installing by the network is still complicated for me, that I am lay.
I find all this very "bureaucratic".