I have the R500 system, which looks the same as the one in the pictures and fits onto brackets already on the car. It has a modified R500 Titanium front box which feeds into a large rear box through which it passes twice (in other words, the rear box has two connected straight through silencers). The front box is repackable, the rear isn't. The exit, Graham, is on the left on mine.
It is VERY quiet. Mine was recorded at Goodwood at 88dBA when I was there a few years back! With the standard sytem newishly packed it registered 106. I only ever use this system when I absolutely have to because subjectively it seems to kill the top end of the car's performance, and I assume the more I use it the less quiet it will be. Caterham told me it cuts 25BHP, which I can easily believe, but I have never put it on a rolling road to find out. If mine only loses 8 BHP I would be surprised, though the quietness may make it feel slower than it is I guess.
To change systems over takes about 10 minutes and I always have it in the back of the truck just in case so at the next track day if you want to see it, ask me.