It's a great pipe. If you like the looks of the muffler I say go for it. Me personally I couldn't live with the out of place look of the muffler's shape. I know, style is subjective, but that's just my personal opinion. That aside it's a great, possibly the best full exhaust system on the market for a V-Rod. Sad fact is the best looking exhausts for these bikes either make them nearly unrideable, or cause big reductions in horsepower.
I have the 2 into 1 V&H with the fuelpak and I love it. I LOVE the sound and the power. I paid less for my exhaust and tuner than most people pay for their exhaust. I picked them up both off of ebay for $605 you really cannot find anything better than that new. It is only my opinion though, but it is the best opinion usually.