For a QUIET low-restriction exhaust, use a mid-70's Cadillac muffler, or even two of them if you've got duals. They're 2 1/2" inlet and outlet, and one muffler is designed to handle a 500-cubic-inch engine. Most muffler shops can bend up a set of 2 1/2" pipes, and you're in business without all the ear-splitting noise of flowmasters.
Jerry