Several approaches for slender vortex motion ͑the local induction equation, the Klein-Majda equation, and the Klein-Knio equation͒ are compared on a specific example of sideband instability of Kelvin waves on a vortex. Numerical experiments on this model problem indicate that all these equations yield qualitatively similar behavior, and this behavior is different from the behavior of a nonslender vortex with variable cross-section. It is found that the boundaries between stable, recurrent, and chaotic regimes in the parameter space of the model problem depend on the equation used. The boundaries of these domains in the parameter space for the Klein-Majda equation and for the Klein-Knio equation are closely related to the core size. When the core size is large enough, the Klein-Majda equation always exhibits stable solutions for our model problem. Various conclusions are drawn; in particular, the behavior of turbulent vortices cannot be captured by these approximations, and probably cannot be captured by any slender vortex model with constant vortex cross-section. Speculations about the differences between classical and superfluid hydrodynamics are also offered.