I got my 88 back from the shop yesterday and what a difference getting rid of those old CATs made. I removed the front 2 and replaced the 3rd with a higher flow unit. I might actually be able to go through a drive thru and be heard!
This allowed me to pinpoint the "other" rattle coming from the rear. Part of the problem was the exhaust hanger in the tire well was a bit loose causing the pipe to bang around under certain loads...usually ~ 20 mph. Tightened that up and also noticed the rear corner of the muffler was VERY close to the outside nut for the missing mud flap. I suspect that it probably hits it at some point. A good push with the foot gave me a little more room. These two items got rid of most of the issue, but I still have an exhaust noise.
If I put it in gear, step on the brake and rev to ~ 600-700 rpms I have a noise that I think is the muffler. I have no idea how old it is, so I'm running back to the shop at lunch to have them listen.
Edit * As I expected, loose baffles in the muffler. Time for a new one.
Edit 2 * - Wow, what a difference, no golf balls in coffee can sounds, no baffles in the muffler rattling....With he new muffler this thing actually sounds like it has a pair!