If your only concern is to maximize the number of pen blanks, I would simply make some card stock or paper templates. Make them only as long as you need for the kit you are going to use plus a little for trimming. Make several templates in 1, 2, 3 and 4 blank widths (more if the slab is wide enough) including kerf width allowance.
Then lay those templates on the slab and position them to get the maximum number of blanks from the good parts of the wood. Then mark the outlines of the templates and cut those chunks out of the slab, then slice the chunks into their individual blanks.
I would also save all the waste pieces from the edges, split ends, etc and possibly use them for worthless wood castings for a few additional blanks.
I hope you have a bandsaw for doing this.