Yes, I had mine (#8) cut out and replaced with SS pipes on my 06' 4.4L. The sound is great and doesn't sound like your exhaust is rusted out with holes everywhere. I know Bushway did this on his LR4 and has posted a video or two on here where you can hear it. Different engine, but sounds very similar to our LR3. Still pretty quiet with the rumble at idle... but awesome when you stomp on it and through the RPM ranges. I went to a local weld shop and it cost $60.. more attractive than the $1200 Magnaflow cat-back and it sounds better in my opinion.
Its been a while now and haven't had any negatives such as back pressure or anything.
Let us know what you end up doing!