Definitely practice on scrap first. Make sure to keep the router flush with the board you are cutting. I made the mistake of lifting my router ever so slightly in places when cutting, resulting the slot being too high and the T-molding didn't fit correctly.
Also, if you're doing it for a control panel, I'd cut the slot first and drill the holes second. This way if you screw up the slot, you don't have to redrill every single hole on a new piece.