By "bank slope", I assume you mean side slope. I don't think there is any calculation. Basically, I think you are limited to what you can install.
You should be able to install the mat at 1:1, I wouldn't go steeper.
8 fps is fine if the thickness is over 6". In PA, USA you can use Reno mats up to 18 fps, but watch shear stress = 62.4 x flow depth x bed slope. It must be 8.35 lb/sf or less, and at that flow rate, shear will probably limit design.