slideway vs water chute

slideway and water chute both are nouns.

Word	Noun	Adjective	Verb	Adverb
slideway	Yes	No	No	No
water chute	Yes	No	No	No

As nouns, water chute is a hyponym of slideway; that is, water chute is a word with a more specific, narrower meaning than slideway:

slideway: sloping channel through which things can descend
water chute: chute with flowing water down which toboggans and inner tubes and people slide into a pool

Other hyponyms of slideway include glacier mill, moulin, coal chute, runway.

slideway (noun)	water chute (noun)
sloping channel through which things can descend	chute with flowing water down which toboggans and inner tubes and people slide into a pool