Backpressure has no performance value.
Smaller exhaust piping may give you better low end power, but the gain stems from an increase in exhaust velocity and cylinder scavenging rather than an increase in backpressure. Faster moving exhaust has more momentum, so it creates a greater suction in it's wake which more completely clears the cylinder of exhaust during valve overlap.
As exhaust volume increases (such as from an increase in engine RPM), it will take more and more energy to force the increasing exhaust flow through the smaller pipe, resulting in true backpressure. Backpressure increases resistance during the engine's exhaust stroke and interferes with scavenging there after, resulting in a loss of power.
A larger pipe eliminates the high RPM backpressure issue, but reduces exhaust velocity at low RPM. Low exhaust velocity means less momentum and therefore less complete cylinder scavenging.
So, increasing the pipe size moves the engine's power band up the RPM range, decreasing it moves the band down the RPM range. As with many engine components, it's a matter of finding a happy medium... Unless you're building an engine for a specific purpose that is.
Getting back to the topic, the muffler is a complex baffled device - exhaust flow is broken up inside, so tuning for velocity isn't really possible, or maybe just futile. So long as it doesn't cause any backpressure, the muffler's presence (or not) shouldn't affect performance.
|