Well ... from the name of the part, that was my thought also.
But ... I have never seen such a thing on any other vehicle - ever - in any vehicle I have ever known or worked on in 50 years of playing around with cars/trucks.
It's located only a couple of feet away in either direction from heavy rubber mounting points. It's hard to imagine that any vibration/sympathetic vibration could possibly manifest itself in that part of the exhaust system.
This is not a small part - it's about 2.5" in diameter.
I suspect there is a "story behind the story" about this part and am hoping that someone might have heard it.
Do all LC200's have this part?
Do other LC series have this part? I didn't have it on my LC100, LC80 or LC40.
It's very curious. What kind of horrendous symptom must have occured (and why?) for Toyota to have engineered and implemented use of this part?
I'm hoping someone can shed some light on this so it doesn't become one of life's unsolved mysteries.