I didn't even know this was an issue...I've always been taught to slip with full flaps in C-152s, and I thought that's how everybody did it.
My question now is, in the real world, why would one want to slip with less than full flaps? If you're coming in high, why not extend the rest of the flaps to increase the sink rate, rather than slip?
Another point I was taught is that in a plane equipped with flaps, a forward slip is almost always a "fix it" maneuver. I suppose there are a few fields with extreme obstacles on the approach end that require full flaps and a slip, but for the most part, if you can't get down with full flaps, it's probably better to go around and set up better the second time around.
The time I think is most appropriate for full flaps and a slip is during an engine failure if you're coming in too high. If the engine failed, obviously you can't go around, so a forward slip is the only hope of getting it down in time.