You are pretty much right on. As I've said, if they were no improvements to be had, all these aftermarket companies would have gone away a long time ago. What motor do you have, SubLo?
Also, to HahnsB2,
your 4.0 is NOT the same as
my 4.0L Your BroncoII would have come with an OHV, whereas my '99 Explorer has a more sophisticated SOHC. Yes, both are 4.0L, but they are not the same engine, just like a Jeep 4.0L is different. An OHV and a SOHC motor
work" differently, and have different intake/exhaust/etc... needs. SOHC motors, in Explorers or anywhere, tend to rev quicker and higher than a similar OHV. They also tend to make their power higher in the rpm range. This can have a SIGNIFICANT effect on exhaust system needs.
There are dyno proven aftermarket cat-back systems even for Corvettes, Ferraris, and Lamborghinis. If the manufacturers of these vehicles (some of the absolutely best engineered production vehicles on the planet) have left some performance on the table, with a simple exhaust change; then I think it's reasonable to assume that Ford would have definitely done so w/ the Explorer. There is certainly a greater need for them to make performance comprises in order to hold down production costs on a $30,000 SUV, vs $250,000 (or more) sports car.
Looking at your mods, you are clearly more of an offroader than a performance enthusiast. Maybe you should educate yourself more, on the more sophisticated aspects of engine operation (including exhaust) before making comments with nothing of any real substance to back it up. Search for books by an author named "David Vizard" They were published under "Cartech" and others were by SA Design. In particular, I'd start with " How to Build Horsepower" volume 1, David Vizard, SA Design. It has a yellow cover. Also, maybe try calling the tech dept of flowmaster or dynomax. Asking them to explain why you should want to buy their product, instead of a stock replacement.......
.....oh wait.... you DID buy a flowmaster 40, according to your sig. If there is NO benefit, why not spend $19.95 on a Maremont stock replacement muffler???? Afterall, HahnsB2, YOU said they are all the same