If the 1 1/4" slug slips in easily, definitely too big. If it definitely don't fit, it'sok. If it's a chore to get it in, it's hard to say. When you're right at the line, the tolerance in the size of the slugs could come into play. As Goof said, keep it closer to 1 1/8" and know for sure.
The 1 1/4" slug would be a good poor-man's test.
SH