Interesting discussion here. Max torque is obtained by exhaust valve size, size of primary header tubes, and size of collector.
This discussion says that after the collector, zero back pressure is preferred for max power. Meaning, I assume, that no exhaust system
after the collectors will give max power, but, the noise will get ya! So, perhaps having a smaller diameter exhaust pipe all the way back is not
necessary for maximum torque.
Valuable info: primary header pipe size for different engine sizes, at different rpms, for max torque.
http://www.hotrodders.com/forum/exhaust-diameter-formula-49188.html