You have to watch how big of a pipe you go. I was thinking going a 2.75 on my exhaust but don't know how good it will be. If you go too big then you may lose performance, because of the high amounts of back pressure (correct me if I am wrong). I think at a 2.75 you should be fine on the exhaust.
A over the axle exhaust for a guy like me works well. What I was doing the other day off-road, it was better to have the over axle exhaust. If I had an under axle exhaust my exhaust pipe probably would have snapped or gotten extremely damaged by the end
For my exhaust plans, I plan on purchasing a gibson exhaust. Over the axle (I think) and its got the 2.5" pipe. After I install my exhaust, I think I will then go to the exhaust shop and get the reducer taken off for a complete 2.5" pipe from the cats to the tip.