I doubt if it really makes much, if any, any difference. I have seen numerous, opposing opinions among RV manufacturers, slideout mechanism manufacturers, RV techs, media gurus and owners. I even have two separate sets of printed instructions for my coach, each stating the opposite procedure is the only proper way and both are from the Coach manufacturer! How do I do that?
Realistically, if the jacks are extended first, you may find that the coach settles a bit when the slides are extended and the ground is soft. This can happen anyway on soft ground, but it probably happens sooner if the slides are extended last. It is also more likely to happen with a deep (24"-36") slide than a shallow one 12"-18"), simply because of the leverage. Big deal.
My conclusion is that this is a purely academic debate, with no significance in real life. I typically level first, simply because it is convenient for me to hit the leveling switch on the dash after I shut the engine down and before I get out of the seat. The coach then levels while I go out to hook up shore power and the wife starts on the interior set-up. Since we have auto-leveling, we wait for the leveling to finish before extending slides, usually only a minute or two.