If you do NOT have a good cross section of other mods, all you will achieve is a 'ratty' sound, less side heat, check-engine open loop operation (BAD) and idle surge.....and a gawdawful STINK out the tailpipe. On an un-modded 2000+ you might even lose some torque, and pich up 2-3 HP. If you kept the OE exhaiust the TQ might be nil.
You have to ask yourself the GOAL, and is this the best way (or even any way) to achieve your goal.
At a minumum you'll needd O-2 simulators.......
For about the same cost-benefit you can add HF cats, and avoid the stink, surge, sims, rats, but get the good stuff......