I have been told that the 'catalyst' part is not in the USA exhaust systems.
Beyond that, the end piece (with all the holes in it), I have gone to some trouble to make sure it stays in. I want it to serve as a spark arrestor. I know it isn't certified, but from the design it looks like it would do the job. If it comes out then I will get an aftermarket tip that has a certified spark arrestor in it. There are a lot of neat forests around here and the last thing I want to be responsible for is burning them down.
Beyond that, on the trail, my bike has more than the needed power for my skill level, so I don't feel the need to replace the silencer at this point. If I get some SM wheels/tires I may get a different silencer for more power, but that isn't in my plans right now.