if your going to the trouble of putting the flowmaster catback kit on, i'd go with a high flow cat at the same time. especially if your cat is a few years old. you can pick up a high flow for around 50bucks.
i think any exhaust upgrade on a stock engine will only produce minimal gains in performance. i've got good headers, cat, flowmaster and madrel bent exhaust, barely notice a difference if any. the main reason to do it is for better sound. in the near future i'll be putting in a stronger motor that will need to breathe better, so i had some justification in throwing all the exhaust upgrades at it. that and a cracked manifold to put the mods on the front burner.