I doubt you'd get the heat shields on there if the pipes are wrapped. I don't think you'd have issues other than that.
I wrapped over my heat shields on my pipes, it's not as hot as without the wrap, but even with wrap they'll still get plenty hot to burn ya. I have an ongoing problem with passengers shoes getting melted by my rear pipe if they touch it, and they have heat shields and wrap
2006 Night Train
95" Big Bore
Screamin Eagle Flat Top Pistons
0.03" head gasket
Big Boyz street heads with compression releases, milled to 81cc for 189 lbs cranking pressure (9.75:1)
V&H Hi Lo Straightshots, black heat wrapped
Ness Big Sucker
Upgraded 07 style camplate and oil pump
Andrews 26N conversion cams
SE quick install adjustables
homemade paint (flat/gloss flame job)
Dyno numbers to come after break in...