I passed and beated it in second attempt without too much pain. It's nice to see a game that makes a challenge much different and I wouldn't say it is hard to control the character.
Yes, it's a bit slippery and it is fast but not too difficult to handle considering what all I can do in your level. I would say that because it is much different it just takes a time to get used to.
With such physics it makes a challenge not much more difficult if you add just more enemies and bigger holes because also character is much more capable. You should consider with some new challenges that would be impossible with a normal physics if you would make a game with your new physics in the future. Considering that you made just a level and Level 1 it is totally okay but you should add some special sounds and music on it.