the SECONDARY cat converters are not required in ALL STATES for emissions.
IN places like CO all they care about are the 2 primary cats and the 4 02 sensors, after that its up to you... of course the exhaust has to exit after the passenger cabin here in CO too so dumping under the bed is illegal, pipe must leave at rear of truck.
So IN MOST Cases you ditch the secondary cat converters, ryun a dual inlet single outlet muffler ( I suggest a 2.5" single outlet pipe for most stockish (not boosted) 5.0L's in these trucks), it will keep your low end torque.
You need to check with CT, your local exhaust expert should be able to tell you if its legal there, meaning if it is legal to ditch the 2ndary cats he will cut them off, if its not , he wont.
I vote ditch them, I did on both of my 5.0L trucks.
For more volume from your exhaust you should open up your intake
THEN
You should get some TM headers.....the stock manifolds on the 5.0L Explorer = SUCK job