Spot on Peter, your expectations are realistic & with what you already have + what you are planning, you should achieve, or get very close to your goal IMO.
This is what is says on the MIJ site about their sports cat :
Catalytic Converters
We offer standard replacement catalytic converters for all vehicles, whether it is a single or twin catalyst setup. We also specialise in hi-flow sports cats for the ultimate aftermarket upgrade. All catalysts are manufactured using the highest quality material including high-grade T316 welding.
Hi-Flow Sports Catalysts: MIJ hi-flow sports cats are 100-200 cpsi as apposed to 400-600 cpsi which a standard (OEM) Cat consists of. Standard (OEM) catalytic converters are restrictive in their flow. The typical flow rate of a standard catalytic converter is around 55-65% whereas our hi-flow sports cats have a flow rate of 75-85%, thus reducing back pressure substantially and increasing performance, especially on turbocharged engines. Emission levels are maintained at legal limits by careful selection of the volume of the metallic substrate. However, they are designed to work specifically in conjunction with other MIJ Performance products and should not be used on their own (with an OEM exhaust system) or with other manufacturers' exhaust systems.
We do not guarantee full performance potential when fitted with an alternative to our exhaust system.
Looks like Manos is correct about it not being s/s.