There are quite a few exhaust systems to choose from, it all depends on what you want for looks, sound, and performance. I don't think you will be getting any "radical" performance increases with a jet kit and exhaust, but you could get a 10 - 15 hp increase depending where your bike is now and what you get. I have a Kerker 4-2-1 and I have the stock baffle and the comp baffle and like to have the choice of loudness. Some people don't like the single exhaust look, and choose a 4-2-2. I think there might be a few extra ponies from the 4-2-1, but you probably won't ever notice it, so if you like the looks of the 4-2-2, then I would go that route. As posted earlier, slip-ons won't get you much of anything and a jet kit probably won't help you out much. If you do get a full exhaust system, talk to Sean Morley about a jet kit. I have his Muscle Kit on my bike and love it. I put on the Kerker exhaust and dynoed around 112hp then put on his kit and gained 8hp. My mpg also went from averaging around 33mpg to 40mpg. Some of that may be due to the stock bikes being set up somewhat rich.
I have heard that a Stage 1 jet kit is worthless, and I wish I heard that before I purchased one. I never installed it and, so I haven't had any experience with it myself and can't say what to expect from it. I will sell it if anyone wants to try it, but I was also looking on eBay, and found a pretty good deal on one....
http://cgi.ebay.com/ebaymotors/NIB-...009QQitemZ190244506775QQrdZ1QQsspagenameZWDVW
I think the best thing about the dyno jet kits is that they have an adjustable needle, but you can always shim stock needles, so it really isn't a big deal. Talk to Sean, I think his kit is the best bang for the buck, and he will be around to help answer questions.