My technical contact at Magnaflow confirmed that the grades of stainless steel used for all of their products are the same, including the types used for the Steel Cat-Back Exhaust System # MF15203 that you referenced.
The piping and body of their systems use a 400-grade stainless steel. The hardware and tips use a 304-grade stainless steel.
For your reference, I have attached a link that will take you to our main page for available mufflers. view full answer...
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The MagnaFlow Stainless Steel Cat-Back Exhaust System # MF15792 for your 2006 Chevy Silverado 1500 is made of 409 Grade Stainless Steel.
According to my contact at MagnaFlow, this is the same type used for all of their cat-back systems. view full answer...
The muffler used with the MagnaFlow Exhaust Systems, part # MF15653 is labeled a straight-through muffler.
It has a stainless steel perforated core that runs straight through, end to end. It has a layer of stainless steel that absorbs noise inside the muffler and help prevent blowouts. As stated, this is a straight-through muffler so it has no bafflers or louvers that restrict airflow. I have attached a link to an installation video for this system you can take a look at. view full answer...