Aye Wolf,
Used to run a variety of cheap exhausts that the 450 MKIII disemboweled of it own accord leaving a trail of smoking remains on the carriageway.
As George says intake and exhaust restriction does not sit well with the singles. In a genuine Conti there is a gap between the perforated intake tube and the exhaust tube and the perforated tubes disrupt the exhaust gases sufficiently to take the "edge" off the exhaust note, yet retain sufficient speed on the exhaust gases so that they extract from the engine.
I used to run a cheap chrome, alloy reverse coned exhaust. Once the perforated steel tube and wadding had disintegrated, the engine, with enrichment ran more smoothly thoughout the rev range. The same was true of a pattern 'Gold Star' exhaust. An Armour pattern 'Gold Star' exhaust stifled the exhaust gases so badly that a blue and gold ring developed around the body of the exhaust and the engine refused to exceed 5,000rpm.
At present I am running the cheap pattern 'Gold Star' exhaust, inside which I have fitted a silencing element devised by Motad Exhausts for the late Royce Creasey, of FF motorcycle fame, along with Malcolm Newell, using a 450 MKIII engine. The element uses a cartridge oil filter body, in which are drilled 4 equidistant 12mm holes on the circumference of the filter. Perforated steel tube (42mm ID) that extends into the oil filter by 50mm, so that the end extends to the centre line of the 4 circumference holes. Two steel plates, of a diameter equal to the internal diameter of the exhaust body and with a central hole through which the perforated pipe can be passed and welded to. The oil filter is welded to the engine end plate and a reverse cone on the exhaust end plate that has a reduction of 25% of the exhaust pipe cross-sectional area. The 100mm of perforated steel tube between the two plates is wrapped with glass fibre motoX exhaust silencer wadding and the whole element welded into the main body of the exhaust and then finished off with Sperex VHT matt black. The 100mm length is the dimension that fitted in my old exhaust body. Greater length and hence more wadding would further quieten the exhaust note, but not impede the gas flow. So far, after nearly 7,500 miles I have found it to be successful for my needs. Plenty of mid range, no noticeable choking of the engine up to 6,500 rpm and the wadding takes the "crack" off the exhaust note, but doesn't stifle the note!
I attach the Royce Creasey sketch for information and two sketches, I think from Nigel or maybe George (apologies if this is incorrect

) of the internal baffling in a Dunstall exhaust.
Good health, Bill