200 Muggello

I've been running a Small block 200 Mugello for a few years, phbh30 Gori exhaust and when I built it I simply bolted on an lth reed valve without making any mods which took away some of the performance and on the dyno think I got about 13.5 bhp.
Over winter I am doing some work and have taken the engine out and was considering to improve performance taking off the reed valve but on Cambridge web site they sell the same Muggello kit with an lth and Imola piston with the cutouts in. Any thoughts on what difference either of the two changes would make. Also would changing the exhaust to an exp pipe make any difference.
Cheers.
Over winter I am doing some work and have taken the engine out and was considering to improve performance taking off the reed valve but on Cambridge web site they sell the same Muggello kit with an lth and Imola piston with the cutouts in. Any thoughts on what difference either of the two changes would make. Also would changing the exhaust to an exp pipe make any difference.
Cheers.