I am at the point I need to get an exhaust system set up for the car.  I just purchased a 
Magnaflow 12267 Stainless Steel Muffler made for a Camaro / Firebird.
olejoedad did a very nice set up on his 3800, allowing the trunk to be untouched.  I want to do the same, but I am wondering if I can install a 
small catalytic converter inline or not.  One, for emissions, and two, if it will reduce the sound, and if so, would it be enough of a difference to even hear.
Here is the original photo of Joe's setup:

I am wondering if it is possible to put the CAT inline, as in this image that I Photoshopped

Any idea if there is enough room to do something like this, or is the cradle or other items in the way?  Any input is appreciated!