I decided that this was the best route to go because it will only cost me a total of $80 after it is painted (I paid $70 shipped for the pipe). New 4-1 pipes for the 550k seem to run $180 or higher and because I'm on a $1000 budget, that just wouldn't fit.
Tools required:
blow torch
propane for blow torch ($3.28)
24" extension 1/2" drive
one friend (200lbs or heavier will really help)
I started off by bolting the header on and tightening it down without the gasket.
Then, I began heating the header with the torch until it began to show a red-hot color.
My friend inserted the 24" extension into the pipe at the collector so that it went into a primary tube and was very secure.
He then began applying pressure w/ his food and I continued to heat the pipes, moving lower in the pipe.
I had an oem 550k footpeg ready to mockup so when we had achieve enough clearance I bolted it on and finalized where I wanted the pipe. I now need to find a way to fasten the brake pedal because it interferes with the pipe. I believe that I am going to use another pedal as a clamp and use another splined shaft to mount the new pedal (all with some help from a mig).
The point of me posting this here is that this modification was really simple, and it can save you $100 if you're on a tight budget like me. This entire process didn't take me 30 minutes with a friend helping. I also wanted to wrap my header from the get-go, so this way I didn't have to wrap up a brand new, pretty Mac or comparable exhaust.
One last note, Metal heats up really fast. I made a bit of a dumb move and tried to position the exhaust a bit by had without thinking that the collector area would be that hot. It was and I got mildly burnt - nothing serious, just a quick trip to the shop sink. Please be careful if you try this, I'm sure that it could be done with no incident if watch what you're doing carefully throughout the process.