We've got a Magnaflow on our GV. I had the shop just whack off the stock muffler and put on a 2" in/out Magnaflow in it's place. We noticed a definate increase in performance and get up and go. A good little "seat of the pants" increase so I can't complain. The wife really likes the sound and so do I. It's louder all around but not screaming and getting cops' attention.
HotRod, go Magnaflow. Decent price, absolutely straight through, and nice stainless steel.  I've had both and a Magnaflow is head and shoulders above a Flowmaster in flow, value, and build quality. I used to be one of those guys that had a Flowmaster 40 series on their 350 powered Chevy and loved the loud, loud tone but man, now I wouldn't think of it again.