If you gut the rear cats you will not throw codes because there are no O2 sensors after them. Visually, it looks stock so you're good to go there. As for FM 40's or 50's, they are not the best for performance, but if you're in it for sound and not speed then pick whatever exhaust setup you like best.
IMO, if you follow my suggestions, your performance will skyrocket compared to where you are right now.