Yes, if you don't want to move the existing slave sites subdirectory into another place for the clientdomain you have to effectivelly map the domain to the location of the master.
Remark:
If the master.clientdomain.com is a public wesbite, search engine might also discover the subdirectory and give a ranking penalty in case of duplicate content.
So if "master.clientdomain.com" is private and not public, this is not a problem.
Otherwise, you should consider moving the subdirectory into another place for the
www.clientdomain.com
See also our tutorial video 0.b slide 21-24 that give recommendation concerning the architecture and directory structure to ensure that subdomain and domain always have specific unique directory