If $wgArticlePath = '/$1', a URL created from a title starting from a slash is malformed: [[/etc]] on a page in a namespace for which subpages are not enabled gives http://etc/ not http://my-server//etc as it should.
The article "/etc" is still accessible by the URL http://my-server//etc.
Tested under MW 1.25.2.
Yes, I know that such URLs are not recommended, but that is not the point.