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A few people on the forum have removed the muffler, supposedly decreases backpressure and increases power, my guess is that it would be a little louder. But probably not that much due to the cat. converter setup and small overall diameter of the exhaust system.
Never tried the computer trickery...
I get between 14 and 15 mpg with my 91, 351W, E4OD and 3.55 gears.