I treid to muffle the sound little bit more and made a new plate.
The exhaust is very simple, just an insert with holes in it and the idea was to use a new plate with smaller holes. See the pictures. The black plate is the original plate and the clean one is new.
Long story short, I am back to the old plate. She felt like somebody is choking her right around 3800. First I thought I am out of gas or something, she just would not go to higher rpms.
And yes, it is like little Johnnie doing science in his backyard
- but I would never believe the difference it makes.