50hp... a 16% power increase from a high flow cat removal? That's quite amazing, not calling BS, but I'd need to see dyno proof to believe it.
I have found that most modern truck engines I play with don't make much power from the cats removed. Lots of people say they "feel" power, but the proof is usually never there. Lets look at that IS F, the best dyno I've found is a 30 hp increase with full exhaust, and that's only after 3700 rpm. So unless you are at WOT, which who drives always at WOT? Then the normal driving where the trans shifts just at that point, you'll rarely actually see that increase. But that's besides the point, modern catalytic converts are pretty efficient, and keep getting better. And not to get all hippy on everyone, are crucial to not make the earth suck. I mean, just wheel a truck in low range, with the windows down and no cats. It sucks.
Now I've gained 50 hp from a similar engine, but on top of completely opening up the exhaust, I removed the ECM and replaced it with my own, tuned it myself, replaced the exhaust cam gears to keep the valves open an additional 3 degrees, lowered the cooling operating temperate 10 degrees which allowed my advance timing, and a few other things. I guess what I'm trying to say is, some dropped cats and are just a part or the equation.