doing away with stock mufflers

[E150GT]

My exhaust is shot. The rear muffler has a hole rusted in it and stuff rattling around in there. I have it removed for now. The center muffler is also shot. I do not want to spend lots of money on stock exhaust because it just does not really seem worth it. I was thinking of eliminating the center muffler all together. I was also thinking about putting a quiet magnaflow on the rear. I dont mind a little growl to the exhaust and it will be far more economical to do this. Is this something I should not skimp on or should I be ok? Thanks