The pipe is about as loud as a set of drag pipes. The make a straight 2into1 as well as the upswept. I have the upset one, and yes, it will hurt a set of bags.

My buddy just put a straight one on his 04 softail and sounds and looks good. As for the wrap on the pipe. Wrapping a pipe generally voids warranties, but does protect the leg well. My pant leg caught on fire, after a high speed pass on I95. Interesting. The wrap will also cause the pipe to blue and corrode more.