I just bought the BMP exhaust for my YZ426. Check out http://www.bmp.motox.org/. It's a nice little kit. It was designed to fit YZ400s. Bill (from BMP) talked to a Yamaha contact and they said nothing changed on the exhaust for the YZ426, but Bill and I found out otherwise. The pipe is a little larger in diameter. I had to take the base plate that comes in BMPs kit to a machine shop and have them bore it out to 1 29/32 (exact fit, you know). Other than that, the kit installs real easy. Just drill out the rivets on the original end cap and install the new end cap.
So for $129 you get a SA. With 8 plates it is quieter. Mostly takes the edge off the sharp sound when you pop the throttle. With less rings it definitely gets quieter. Not sure what it does to the power band yet. If you're looking for an inexpensive exhaust alternative, I'd recommend BMP.
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