The idea of the saw running in grooves with no possibility of straying one way or the other is fine in principle, but it depends on there being zero movement of the workpiece (as is the case on a vertical panel saw). An 8x4 sheet straddled across sawhorses will sag slightly as it's cut, and the blade will bind. You're better assuming that the area to left of the blade is the workpiece, and the bit to the right is the offcut. I've been using circular saws for years, but I still get 8x4s cut to size by a timber merchant