Thanks for the prompt replies. Upon closer inspection, the dent is in the muffler about 1 foot from the tip or exit.
I bought the pipe for $25, and it came will the second pipe because the guy (Charlie from Charlie's Place in SF) didn't think it was worth it to remove. I am lucky that it did, because I noticed that my other pipe was getting to be in pretty rough shape. The second has a small hole in the side of the muffler around toward the bottom. It doesn't really affect the sound, but I think I am going to try to epoxy it closed (probably JB Weld).
I just got done cleaning them up and putting them on, and I'm tellin ya, for those who say "you can't polish a turd"... That may be true but you can sculpt it into a pretty nice form.
Any more thought on the dent removal?