Brian,
My 2014 cowl mod project was similar, though on a 540 with dual 3 into 1 exhaust. With Steve Smith's guidance and design assistance, I reshaped the exhaust to bring the exit pipes close together, put a SS radius on the lower edge of the firewall at the opening, and extended it back along the belly a bit. Took a breath, cut the cowl, and it was ugly...till it was pretty again.

Took the exit:inlet ratio from about 1.85:1 (it was made larger than Van's stock 1.2:1 ratio by the original builder) down to Dave Anders' magic .75:1 ratio. I did not go as far as Dan Horton's cool experiment, which I believe was to .38:1
Results were a 7 knot gain at top end (Reno-tested), and, as anticipated, insufficient cooling in slow climbs or at formation training and working speeds (130 knots). Added an ASA cowl flap, and it fixed those issues. I still climb flat and fast when I can for good cooling, especially in the summer. The cowl flap, if opened in cruise, slows the plane by 4-5 knots, and cools the CHTs by about 5-10 degrees.
It was a good experiment! I know you are talking to Steve as well, which is a great way to go...the final shape of the exit, how it flows with the free stream air, and how the exit is shaped are all important details, as you know.
Sample pics below. Come by any time to take measurements or look at more photos. Good luck amigo!
Cheers,
Bob
