Honestly, I'd put my money where it counts on this project, linkage bearings, chain& sprocket, brake pads&fluid, tires, and basic maitinance. that pipe, from this side anyway, is fine as/is for the time being. Now if the headpipe section before the expansion chamber, the skinny part coming out of the exhaust port that curves left then down then right before it gets fat, is bashed to shit, and I mean smashed, not a couple little dents, repair it, that is where you will loose the most performance.