Peter, I'm glad you had a chance to read the long thread by Formula390 documenting his prolonged but ultimately unsuccessful efforts to create an alternative to the OEM underbody exhaust. Knowledgeable people who have studied the stock exhaust are genuinely impressed by its engineering and effectiveness. This is a very cleverly designed piece that extracts excellent power from the engine, emits a civil exhaust note and meets developed country pollution standards, all in a compact, mass-centralized unit that is nearly invulnerable to crash damage and does not interfere with luggage.
Sadly, this highly-developed product of KTM's engineering team is underappreciated by a sector of 390 owners: it is most often maligned for being too quiet and vilified for not producing a more raucous exhaust note. (NB. I just learned from watching a YouTube evaluation of the new 2017 Duke by an Indian tester that the new exhaust reportedly was necessary because the 2013-16 exhaust could not meet Euro 4 NOISE standards - the outgoing stock exhaust was sufficient to meet the emissions standards but was TOO LOUD!!) Those who criticised the Gen 1 exhaust's moderate tone will find even more fodder for frustration with the new 2017 unit! Still, many 390 owners have been eager to spend large amounts of cash on aftermarket cannister exhausts that are only marginally lighter, produce little if any gains in power/torque, require an expensive fuel controller to protect the engine, and are very vulnerable to crash damage. The chief "benefit" of these exhausts seems to be that they are less successful than the stocker at dampening exhaust noise.
To my mind, really the only sin of the Gen 1 stock exhaust is that it is rather heavy - about 14 lbs (6.4 kilos). Likely for reasons of production costs, the whole unit is fabricated from mild steel, rather than alloy, resulting in a somewhat hefty lump - but still much lighter than the 2017 stock exhaust.
To date, the only worthwhile potential candidate to replace the Gen 1 stock exhaust - IMO - has been the Werkes Competition unit, a small underbody canister that fits in the OEM location. The Werkes is very simple and lightweight, reportedly saving about 10 pounds over the stocker. Reports about its effect on power are unclear, but certainly it will require a fuel controller. Until recently the Werkes was considered unacceptable because, as delivered, the unit has no sound packing and is extremely loud. However, some recent experiments with disassembling and packing the Werkes reportedly have been quite successful. Our colleague CDN Duke is presently testing a packed Werkes on his bike and appears to be pleased with early results. We will have to see how durable the packing may be. So if you are interested in saving weight over the stock Gen 1 exhaust, the Werkes, IMO, is your best candidate. Stay tuned. But you will have to be prepared to fit a controller.