"Performance" is a subjective term. Good 4 into 1 design uses the exhaust velocity from other cylinders to help scavenge the cylinder that is currently on the exhaust stroke. Proper 4 into 1 design makes this only occur in the upper RPM band, such as what you would use in drag racing or track "performance" where peak engine power is needed all the time. Below that optimum RPM band, such as cruising about town and highway functions, the interference of neighboring exhaust pulses are actually a detriment to cylinder scavenging.
If you plan to keep the engine wound tight in the HP band and you plan on re-jetting the carbs to take advantage of this benefit, a 4 into 1 that is designed to take advantage of its benefits (not all are) is a step up. For everyday use, you will lose low and midrange "throttle twist performance" and be more dependent on down shifting to get that HP boost.
The are also the extra costs of ear plugs to consider...

Did I mention that not all 4 into 1 exhaust designs are made to provide a performance boost? Many are simply made to look like they might. Pipe diameter, length, and internal baffling in the silencer determine if, and at what RPM, a "scavenge effect" takes place. I don't believe the MACs, for example, have any scavenge effect inherent to their design. This choice is simply a looks, sound, and economy decision. IMO.
Cheers,