I know on smaller engines(4 cyl), the cat converter is needed for proper backpressure on the motor. Without it, the motor won't make enough low end torque. I'm not real sure about the V-8's. Talk to a custom muffler shop. They may recommend removing the cat and putting a true dual exhaust with flowmasters or similar muffler. Although the previous poster had a point about passing emissions tests. Some muffler shops can't legally remove them, but they may tell you how you can do it. I know in Louisiana there is no emissions test when you get your yearly inspection sticker, they don't check anything except insurance and registration.