I'm trying to restore my 65 FB as close to stock as possible. It's an "A" code 4-speed car and the motor is bone stock with no mods. It works for me. For this reason, I went with a pretty simple but effective exhaust.
I'm running stock exhaust manifolds. I went with 2" pipe so I have no clearance issues. I went with the "H" pipe set up moved back far enough that I can access the trans. To me, the H-pipe gives a deeper sound while the X-pipe is raspy and louder. Many people feel you get better performance out of the X-pipe. The draw back for me was the loud drone sound when cruising at highway speeds. The H-pipe was definetly quieter. I also used "Thrush" turbo mufflers. Thrush has come a long way since the loud and tinny sound back in the day. I think the brand of muffler you use is personal taste. I went with a "Turbo" type muffler again for the sound. It gives me a lower, quieter sound but still gives me performance.
By far, the most difficult part of this install was the tail pipes. It took almost 2 hours to get them right so the pipe was perfectly centered when we installed the exhaust trumpets. Installing the trumpets took a while as well. Patience is the key. I used a reputable exhaust shop that has lots of experience with classic cars. They wanted to get things right as much as I did. The result was worth it to me.
Here are some pics that may be of use to you. The last pic is another tail pipe treatment that IMO looked really good. It was neat, clean, and enhanced the look of the car. Good Luck :winks