I’m telling you this from personal experience DONT DO IT
If you are planning in gutting your cats just gut your precats. Don’t gut your secondary cats (the big ones). I DID
My Experience with all four gutted cats.
I was happy with my just precatted cats and one day for some reason I decided to gut the secondary cats. So I went and did it (it was a hella a freaking hard job it took me 3 hours per cat)
I went and got the pipe back and damm I was impressed it sounded like a V8!!.
At startup sounded sweet I went and revved it up many times and dammmm it was nicer (from driver’s seat).
The next day I called my V8 buddy and he couldn’t believe the sound he gave me compliments too. (I felt great).
A week later I tell my buddy to drive my car and I will drive his. He was cool no problem. (Then I noticed!) When I was following him it’s sounded nice!

BUT when I stoood or drove next to him it sounded like crap

It sounded like loose nails rattling in an empty can. Especially when he stepped on it.
Sounded great when it was parked and I was revving it! WTF!!
I took the pipe out and inspected it just incase I might had left some pieces
But the pipe was clean.
I got so frustrated that I went and traded in my 6er for a 02 GT.
Now I am happy as hell.
Just for your info I had a 2000 v6 with pullies,k&n intake,diablo chip,4.10's, dual flowmasters 40series.
Don’t get me wrong when I traded my 6er it was like I had lost a son. But I felt better when I drove PROJECT ELEANOR (MY NEW V8) home.
Hope this can help you out; if I was you just gut your pre cats. And be over it.
You will have no power gains or losses with no cats or cats on.
I didn’t notice
just in case you want to know how my car sounded with just the first pair of cats gutted.
http://members.cox.net/newhome_4u/Mustang.wmv