when 模 pronounced as mó it means means "to imitate", "to model after".
when pronounced as mú it means "pattern", "mould" (noun), "matrix"
装 can mean "to fill", "to fit". At the same time, it can also mean "to fake", "to pretend". Hence it is a verb and 模 must be a noun. Therefore the correct pronunciation is mú. English words such as, "record", "produce" pronounces differently when it is a verb or a noun. English goes a further step, "polish" and "Polish" are pronounced differently and have different meaning.
When too many wrong stuff comes into general use, they become correct. Some of my pet peeves are that "the reason why...", "cannot" vs "can not".