I don't know if you will feel the difference below 5000rpm, but your engine will revv a lot faster. That's what I noticed with my UPR offroad X-pipe anyways.
I have a friend with an '01 Cobra with a bassani catted X, and he swears that the cats give a better torque curve, which makes sense. You will lose power below 2500rpm, but will gain power where it counts (3500+)
The bassani is a quality peice and i'm sure you will enjoy it, but you might have to take it to the dyno to see the gains. I'd say you'll gain between 8-14rwhp.