I think your concern is a valid one, but that there's also a solution. I think reviewing the sequences with the mindset of trying to guess a password would merely reinforce the misguided idea of verbal behavior having inherent truth value. And that's why I wouldn't even really use the word "memorization" to describe what I'm doing.

I think the way to "learn" the sequences is to practice applying the concepts all the time, which is more easily accomplished if you're primed to have them pop into your mind at the right moment. And my experience has been that SRS has helped enable that for me.