Gary we had a local shade tree, car-chopping mechanic when the catalytic converters first came out that would cut them off and weld in straight pipe. It would increase HP and performance substantially. He had a big dumpster full of catalytic converters that I think be buried someplace periodically. I can only imagine the value now.
One of the common ways of gutting a cat cheap and easy back in the late 60s early 70s was to use a big Allan wrench (3/4 if I remember right) and pull the plug. Just by simple driving all the stuff inside the cat fell out and you reduced a lot of back pressure.
They said that could make a substantial rise in HP and pick up a couple MPG. Then the restrictor in the gas tank was enlarged so you could use cheaper leaded gas. Some other things also could be done! Many garages in that era made a lot of money doing a Dsmog.