I tested the "ultimate 3" downpipe", the Terry Houston, vs. a stock replacement 2.5" downpipe and a ported elbow, last year.
The Stock replacement/Ported elbow was only .05 slower on average in the 1/4 mile than the 3" THDP downpipe and this was running high 11's. Seat of the pants, its pretty hard to feel .05 seconds.
If your elbow isn't ported and your exhaust is stock or restrictive, there is more bang to the buck by fixing these than upgrading the downpipe.