There are some other ways to approach it, that is, you can have the best of both worlds.
One way to do it is to install a dump before the muffler and if you want to use it unbolt the plate that blocks the dump and give it a whirl. In this fashion you can check performance of open setup vs. muffler. Best place to check this would be on a dyno though since you could eliminate those pesky variables such as driving.
Kirk you ought to set your system up so that the cat can be unbolted at the track if you are wishing to run the cat. I did a few of my drag cars that way and, at least with the cars I was running, they were definitely faster without cats and mufflers. However, you might be in the RPM range were you are depending on some torque from the motor and the lack of back pressure takes some of that away.
There are other solutions too, such as manual dump valves and electrical dumps so that you can vary the system to your choosing.
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Ron Earp
NC Region
Ford Lightning Tow Beast
RF GT40 Replica
Jensen-Healey ITS
1/2 a 260Z ITS - Zero