i have no muffler on my car, thats just a Dr.Gas Y-pipe. i think its one of the best y-pipes ive ever seen and exactly what i wanted. for air flow systems like this, which have velocities UNDER the speed of sound, you want it to split via a round edge. having a sharp edge like a merge collector that has been reversed will create alot of turbulence. the round edges that my Y pipe has creates a high pressure wedge at the divider.
i would highly recommend against running dumps under the car. the resonance will be horrible and make driving the car a pain in the ears. it tends to be a big thing amongst mustang owners and LS1-equipped cars. my friends FD RX7 has an LS1 with Long tubes, bullets, an X pipe and dumps; its ridiculously loud inside. of course, my car is loud but only w/ the windows rolled down. it quiets down alot when i roll the windows up.
i think for the most efficient exhaust, id get a Y pipe like mine and run two individual mufflers. i dont beleive single in-dual out mufflers have a very efficient divider. i think your best bet is to have a straight-thru style muffler as long as its large enough to provide some semblance of sound suppression.
btw, if i do another MK3, ill be replicating the GpA exhaust... amongst other things