Hello McCoy. I think you are saying what I am thinking, but let me make a small clarification: The analysis of stability during the earthquake should be made with the monotonic peak UNDRAINED shear strength, i.e., the resistance that must be overcome for the slope to yield and deform significantly under rapid loading. If the slope involves normally consolidated to lightly overconsolidated material, there will be some effect of excess pore pressure in the monotonic strength, like any other clay.
We also insist that the slope needs to be stable immediately after the earthquake. If there is a strong reduction in strength due to liquefaction, clay sensitivity, or migration of pore pressure from looser material, we would analyze with the reduced strength to verify that it is stable until all the excess pore pressure can dissipate.
Best regards,
Dave