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In Reply to: e28 m5 exhaust posted by chuck lane on January 30, 2002 at 20:01:29:
For the money, the best upgrade is to get rid of the air flow meter and replace it with a air mass meter. Split Second's kit is $1000 and requires tuning to get it right, but it has shown great low and mid-range torue improvements for many different engines--S14, S38, M30, M20, etc. It allows better breathing on the intake, which is what these engines need.
A muffler alone will run about $700 new. Metric Mechanic has an entire exhaust setup for $1200, but MM's power claims are disputable from what I've read.
JamesM