I run 3" on my NA,
and I have yet to find a faster non-turbo that will out run it.
In fact, I have out run Every stock Turbo Mk3 that I have ever come up against.
The only place velocity is beneficial is in the header primaries.
Smaller pipe will only 'Look' better if the car isn't tuned properly.
When you run a more free-flowing exhaust,
you have less exhaust diluting your incoming charge.
This means you must have more fuel going in, or the engine runs Lean,
and makes Less HP.
It isn't the slower moving exhaust flow in the pipe,
or the reduced Back Pressure,
that causes people to have less power when they go to a large pipe.
It is the fact that they didn't add more fuel to deal with the reduced exhaust contamination in the next charge.
If your not willing to add a good A/F meter,
and something basic like a S-AFC to address the increased fuel requirements,
Then yes,
stick with a pinched-off exhaust........