The stock Honda exhaust is a good design, but it's double walled to prevent pipe blueing and that makes it heavy. A lot of aftermarket exhausts don't necessarily add any power to the engine, but the combination of lighter weight and greater ground clearance make the bike faster overall. That CB500 seat will not fit your bike. I would buy the pipe for $60 if it's in good shape, it's nice to have a spare or you could sell it on eBay. Or run it for a while and send your pipe out to be ceramic coated, endless possibilities.