My opinion on the V8 and magnaflow is that the 18" Magnaflow provides drone without the resonator. Maybe I'm getting old, but I didn't like it and immediately had the shop put the stock resonator back on. That took away 90% of it.
However, then I had that ugly resonator back there still. I HATE the way that thing looks on these trucks.
This past week I got a 24" Magnaflow to replace the 18", and had the shop remove the resonator and stock tip, tuck a piece of pipe really tight against the chassis in its place and turn it down at the bumper. They then hit it with some high-temp black paint -- you can't see it and it doesn't hang down past the bumper at all.
The 24" Magnaflow sounds about like what the 18" Magnaflow + stock resonator did. There's a little drone if you listen hard, but I don't think passengers would really notice unless they were listening for it.
All in all, if I had to do it again, I'd have kept the stock muffler on and just cut off the resonator.