Richard it's a matter of which words you and I choose to use. Here's a illustration of a rack and pinion assembly.
R&P.jpg
That sure looks like what is you are calling a gear slides or equalizer slides?
The reason for the wear strips is that I believe when extended, with the extension in use, the weight will end up being supported on the table rails so I want to insure that minimize wear on the table top when being extended and retracted.
I agree the wear should be on the inside of the slides but with weight on the table I am concerned about sag resulting in the tabletop riding on the rails of the table.