most reading I have done points toward spintech or
borla type straight through mufflers.
flowmasters are more for noise imho. I run a
borla cat back and it sounds good. no drone and can always talk to other people in the car when i drive.
I looked through my saved stack of articles and i guess i didnt save my muffler shoot-out from mustang 5.0.
I do remember the highest horsepower gains came from the warlocks with the cap removed making it straight throuhg but appearantly its real loud. they made the cap removable for track runs..
http://www.carreview.com/Exhaust/Mufflers/Flowtech/PRD_2103_2872crx.aspx
second and third place were spintech and
borla's flowmasters were at the bottom for gains with some instances actually costing horsepower.