I just tried this out with Slack on macOS, and it did work... almost as advertised. I had to use sudo to change the application files, which means this isn't really much of a novel attack surface, but it did bypass the code signing checks quite handily.
So, is this a "vulnerability"? That may be a stretch, as far as I can see, but putting application code in Resources/ definitely counts as a "smell" in my book.