@Martin Kallukalam Thanks for reaching out. I had a discussion internally and confirmed that in v1 tiers (stv1 and stv2) there is no limit on cache slots. For your reference all dedicated sku limits are here https://github.com/MicrosoftDocs/azure-docs/blob/main/includes/api-management-service-limits.md if doesn't mention then it means no limit.
do let me know incase of further queries, I would be happy to assist you.