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Leave it alone, its there for a reason. Performance-wise, its not worth the effort to remove it. Late model cats are much better flowing than the old restrictive ones.
The reason I pulled mine of is for restriction. Either way you look at it, if you remove the cat you will get more flow. Now the reason I wanted more flow is for sound, and it definatly helped for that! Only reason they are there in the first place is just for emissions