Ta for that Les!
Exhausts and their tuning are a very important, particularly for 2T's. Resonance-wise, normally (tuned) expansion exhausts, but those do not damp the noise very well, so baffles & tuned pipe lengths is what you find inside road-approved silencers. And yes, details matter.
Also, while the engines of the ETZ251 and the ETZ250 are largely identical, there are some differences in the port timings and the header pipe, hence also the silencer. In aftermarket silencers this may be ignored - one size fits all. Of course at a price you can buy a dedicated silencer.
When I cleaned up my 251 a few years back, one of things it got was a new exhaust. The original one had taken badly to the salty Scottish roads in wintertime, and I had filled the holes by covering it in fibreglass:

- Original in fibreglass.jpg (6.67 KiB) Viewed 63 times
Of course all the fibreglass prevents a meaningful weight comparison. Here's the end cap of the original:

- Original end cap.jpg (36.64 KiB) Viewed 63 times
I forgot what I paid for my aftermarket replacement silencer, this is the end cap:

- Aftermarket end cap.jpg (34.83 KiB) Viewed 63 times
It still looks fine, and no problems have appeared. Performance-wise I cannot remember any significant difference with the original. But if you want fast, best take another bike anyway, IMO. Or at least tune it properly, like they do for the race track, but that's not why I have an MZ.