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Notes -
There was a group of so-called "Cotton Whigs" who were in favor of industrializing the South, but they operated under the assumption that slave labor could be used in factories just as it could on farms. Whether they were right or wrong about this is subject to debate, but it's useful in examining the arguments you see sometimes from amateurs that had the North laid off the slavery question and focused on industrialization the institution would have died on its own. Like I said in my other comment, we know that know, but it wasn't obvious at the time, when advocates like James De Bow were talking about the ways slavery could be used in an expanded non-agricultural economy.
But altogether I think you're correct in the sense that an industrialized South doesn't view the expansion of slavery as necessary for self-preservation. I think the more interesting hypothetical is what would have happened had the South considered the slavery matter settled, whether by extension of the Missouri Compromise line, popular sovereignty, or some other mechanism.
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