Place down in Meath town - it's where conservative motorists stay (4,4)

I believe the answer is:

slow lane

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'meath town it's where conservative motorists stay' is the definition.
I don't know anything about this answer so I can't judge whether this works.

'place down in' is the wordplay.
'place' becomes 'slane' (I am not sure about this - if you are sure you should believe this answer much more).
'down' becomes 'low' (similar in meaning).
'in' is an insertion indicator.
'slane' enclosing 'low' is 'SLOW LANE'.

Can you help me to learn more?

(Another definition for slow lane that I've seen is " Outside part of motorway".)

I've seen this clue in The Irish Times.

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