The large part in the photo is filled with a tightly meshed screen and is listed as a catalyst so must offer some back pressure. I think the small disc is what you guys call a spark arrestor.
Along with these exhaust parts an air valve with a rubber pipe (secondary air system) on it and a large plastic baffle plate were also removed from the airbox. The parts were removed by the dealer before collection but I don't know wether or not they did anything with the ECU or engine maps.
Sound is quite deep but certainly not loud