I've got one of Carpy's exhausts ('77 CB750F2 - stock 4-1 headers w/ Carpy tip) & it does sound pretty nice. It looks as though he took a tip from the auto parts store & welded a baffle inside. The baffle isn't much though, it's sort of like a tube with holes in it. Glass packing is apparently between the tube w/ holes & the chrome outside - absolutely nothing in the center.
I have to say that although the sound is great, it's really really loud.... As in LOUD. Also, tuning the thing has been a #$%* since I made the switch. That probably has to do with a million things on the bike going wrong all together to culminate in my current debacle, but I'm sure such a drastic change in back pressure isn't helping things (except my mid & top end speeds).
I'd say go ahead & do it if you've got another mode of transport & some time to mess around with it. You should keep your old exhaust stock just in case.
Good luck,
Jay in Philly