Don't just cut off your muffler it will sound like crap trust me I know.
I had a similair idea as yours. My setup was mac mids, cats, cutout then hooker catback. Since I put the cutout on over 3 years ago I think I've closed it 3 times all for long highway trips. As you I wanted it to be even louder so I decided to take the catback off right were the muffer bolts up in the back I also had the cutout open. Did that drove it around and it sounded like crap really raspy and like a old beat up pickup with glasspacks. It also felt really weak like it lost alot of low end torque. I started thinking and realized that the cutout blockoff plate is the exact same size for the spot where the muffler bolts up so I put the block off on that. This is the sound I acieved. It's alot like just a cutout but at the same time its deeper and meaner sounding.
http://www.youtube.com/watch?v=29PE_Gp-F2s
Shoot I totally mis read your post, thought it said you already had a cutout. Since you don't just do that cost only $30 and sounds way better than just cut off pipes.