Alright, I fixed the problem. I made the mistake of using the old bootstrap to install Slimkat, so I wound up with a bricked device. Even the recovery was wiped out so I thought I was screwed. I did some digging and figured it out over the course of a few hours...
I downloaded the latest firmware for the Bionic and tried installing them in the command line while the phone was in fastboot. The img files supposedly loaded successfully, but I still couldn't get into recovery to finalize the system installation. Luckily I discovered RSD 5.6. It worked except there were a few problems in the xml file within the firmware, so I had to take out both lines that had "oem" in them to get it to finish.
After that my Bionic was brought back to factory stock condition. I rooted using the Safe Root command line tool, installed Safestrap 3.73, and flashed Slimkat. It worked great!
If you're having similar issues and I didn't give enough info just let me know and I'll try to help.