I have the magnaflow 16539 for my 2006 330i. It has a wonderful deep sound, it sounds a lot like a 335i at startup, and it has zero drone. I dont agree about power gains, i dynod at 209whp with the exhaust. You can definitely feel a small power increase on the n52 from the full catback atleast. As you can probably tell i love mine and i would highly recommend it. Never heard anything about the Ikon. The tips that come on it are really nice as well since magnaflow custom makes them for the system.
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