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I'm in the same boat as you. From what I have seen there isn't much of a difference in terms of performance however the regular HKS is a more circular design while the Lexus HKS is more oval. I personally like the looks of the Lexus HKS better.
can't you get the non oem, hack off the tips and put on some Borla tips.
The tips on the non-Lexus HKS can't be replaced like they can on most other mufflers. The coffee can tips are huge all the way to the muffler body.
I have the non-HKS, and I'm happy with it, but I kind of wish I had gotten the Tanabe. I don't think I would ever consider the OEM HKS exhaust when the Tanabe is so similar and cheap.
I would way rather go with the NON LEXUS HKS (saving my loot for rims). I bought mine yesterday from the group buy, but personally went to Carson Toyota. The total came out to $469.71. Luis also reminded me that this HKS exhaust does not void warranty =)