Are you talking about a Cobalt or your Goblin? For a Cobalt: if your locality doesn't require emissions testing, it's probably not a big deal to remove the cat and replace with a pipe - but your exhaust system back pressure will change and affect your AF mix calibration, which the ECM should compensate for - maybe. Your O2 sensing will also be affected if your running the 2 sensors, one before and one after the cat. The ECM will sense no change between the two and probably flag a fault code. For the Goblin, it shouldn't really affect much of anything that can't be taken care of with HP Tuners.