Most hp gains are from adding Turbo's or superchargers, a good dual down or header will give you modest hp gains. Plugs and coil paks are ok, but do not really increase the HP more than they decrease the capital in your wallet. I would say that the dual down to cat back will give you 10hp, but the thrill of the difference gives you 100hp by the SOP (seat of the pants).
I have been running with Straight pipes on older 4 bangers, ie: MG's and AH Sprites MK1 where the muffler on them were more of a resonator on a newer car.
yep, the droning on highway runs could be deaf dealing to your ears, but always added to the thrill that a 948, 0r 1100CC engine could muster.