Looks interesting, however you'll probably need to fit heat shield to at least 2 of the three free flowing pipes,
I believe that the 3 into 1 configuration has been shown to be the most efficient for producing power and, so far, this exhaust system has been proven to be the best of that design:
Carpenter Race Engines - Triumph Rocket III
Somebody, somewhere, sometime might be able to improve on the Carpenter design and results, but I would wager not by very much at all.