it is just a valve that restricts the outlet on the pipe, it aids warm up by partially blocking the exhaust and making the engine work harder whilst warming up.
many just remove it, but i use mine every day it certainly speeds up warm up times and make your cold start solenoids go off quicker which means its running more efficient earlier if you do lots of cold starts per day like i do.
they have been known to stick shut which could be a problem (never seen this myself though).
any good exhaust place could modify your new exhaust to accomadate this valve.
there have been reports of full stainless systems cracking, for this reason i only fit stainless to the 2 rear sections only,(again never seen this myself either).
your choice as they say.
