Performance in what regard? Most exhaust systems in recent years have been made from stainless steel to meet the EPA durability requirements. Usually 409 is used, which is a ferritic stainless which has fairly poor corrosion resistance as stainlesses go. I have heard of some mufflers being made from aluminized steel 3 or 4 years ago (I'm sure this was a cost saving measure). I have also heard of aftermarket exhausts being made from 304. This is a highly corrosion resistant stainless, one used for silverware, etc.