Weight savings and better flow - sounds like "win win" but I'd keep the Cat just incase...
In California - the just started doing "Visual Smog inspections" on diesel Pick-ups. Friend of mine had a big 4" exhaust - without cat - and it didn't "pass". He had to "borrow" a cat and bolt it up - go pass inspection and then swap it out. HUGE PITA.
Point being - we're one stroke of a pen from having "Bike Smog Checks" out here...can't hurt to be ready.