It depends on what you're looking for. I believe the stock Honda engine needs a little back pressure to function at its best. If you have straight pipes, you need to adjust the intake accordingly. Personally, I never bought into the "loud pipes" mentality. My son had a '77 CB550 with straight pipes, and he got tired of it. We fitted a Sportster muffler to his header, and it gave it a quieter, cafe-racer sound. It also added about 7 mph to the top end.
The previous owner of my Shadow VT700c cored the exhaust. I replaced it with Sportster mufflers on both sides. You can search this forum for the video clip. It gives it a nice rumble, with less ear ringing after a ride.
Ultimately, the choice is yours. I would recommend some sort of muffler, just to go easy on my neighbors and environment.
Luke M
Used to have a 1979 CB750L, sold it as a parts bike, now riding a slightly modified 1984 VT700C. Network/Field Engineer. Central OH, USA, Earth, Sol System, Milky Way Galaxy, Universe.