Well, I had SLP Loudmouths installed in my 99 GT, and I was NOT impressed. Loud, yes...but the sound wasn't to my liking. If you want something that sounds like a beefy V6, go for it. If you want something that sounds powerful and aggressive, go with Flowmasters.
I have the American Thunder system in my 04 GT, with a BBK off-road H-pipe, and it sounds wicked. The sound is strong, and very loud at WOT. I get a lot of turning heads and attention, without the obnoxious noise of the SLP.
Someone in this post was mocking the Delta 40 seriers muffler, and I'm not sure why. The Delta 40 sounds just as deep and loud as the original 40 series, but the interior noise is MUCH better. When I had 40 series in my first Stang, long highway trips gave me headaches. Now, the sound is rich and still loud, but without as much drone and interior resonance.
Also, I never had a problem with Flowmasters rusting or being of OEM quality. That's absurd. The "polished" tips on a stock Mustang with go dull in a couple months without polishing, but the tips on Flowmasters NEVER go dull, if you wash them like ya would the rest of your car. Same with SLP, never had them go dull. But the SLP's rolled tips looked ugly on the inside without lots of cleaning due to the exhaust heat and moisture running out of the pipes.
Anyway, just thought I would share my experiences, since I have used all 3 of these products. Here's a link to another discussion about Flowmaster vs. Loudmouth-->
http://www.modularfords.com/forums/.../slps-loudmouth-exhaust-13824.html#post125090