From another forum:
"It will not hurt your bike to remove the stock muffler/tail pipe/silencer.
2-strokes do need a slight bit of back pressure to run correctly, but most of the back pressure is created by the exhaust pipe and not the muffler/silencer. The back pressure for the 2-stroke is created in the expansion chamber/conical baffles in the exhaust pipe.
There is an on going debate that removing the muffler on 2-strokes and 4 stroke that it will reduce there horsepower.
Back pressure in a 4 stroke robs horsepower. When most people talk about back pressure they are talking about restricting the spent exhaust flow. Restriction in a race engine lowers horsepower, but if you had no exhaust (no restriction), you would lose horsepower. Why is that?
If you look at drag racing cars and bikes, they do not use any mufflers, they use what is called "tuned exhaust". They set up the length of their headers so that the pulse of the last exhaust pulse pulls (due to vacuum caused as the pulse exits the end of the pipe) the exhaust that is entering the exhaust port as the exhaust valve is opening. Now because timing the exiting pulses increases horsepower, people think it is due to back pressure. Is that back pressure? Some say yes and some say no. The point is you have to have and exhaust pipe at a certain length to make the most horsepower. You technically could do that with a straight pipe but you would have to work with the length to get it perfect."
The guy answering is a motorcycle mechanic, drag racer etc. Take it for what it's worth, I guess (I certainly don't know the answer!)
I've heard it could shorten the life of your exhaust valves though.
From Revzilla's Motorcycle Exhaust Systems 101:
"Should I run drag pipes/open exhaust?
Maybe. If you’re at the drag strip or track, probably. If you’re anywhere else... probably not! Realistically, ‘open’, or unmuffled pipes make horsepower high in the rev range, where the engine is expelling the highest amount of exhaust. However, because they do not promote good velocity in lower portions of the rev range, they tend to be a poor choice for street use. Tuning the bike is very difficult with drag pipes, and almost all open exhausts leave weird ‘flat spots’ where power is delivered erratically, or can even decrease!
If you’re honest with yourself, you’ll probably find that wide-open throttle most of the time is not really how you ride on the street.
There are a great many federal, state, and local laws in America, and typically they mention unmuffled pipes as being problematic - again, every place is different, but by and large, having at least a muffler is usually the minimum exhaust requirement you’ll need to meet for most vehicle inspections.
The fact is that the exhaust manufacturers spend quite a lot of time and money developing an exhaust product that will lend you the most horsepower and torque for your particular motorcycle without being overly obnoxious. Loads of dyno-tuning and testing back up their product. It is pretty rare to achieve a better all-around exhaust for street use than the ones the big players in the exhaust game have developed. Keep in mind that most of them do significant exhaust acoustics testing - they know you want your bike to sound nasty, and the time-tested exhaust manufacturers have had many satisfied customers over the years. Unless your bike is way different than a stock engine, a bolt-on exhaust is probably just what you need for a little more oomph!"