Great explanation Dave. Yeah Steve, the 3" for a 360 is a bit much. I would use the reducers as Dave suggested. You would reduce backpressure at the expense of velocity. This may hurt the low speed torque. I like to study the exhaust systems of 2 strokers, they have a huge expansion chamber followed by a sweeping radius and this feeds into a small tiny pipe.
It's ALL about temp/pressure/pulses/diameter and a million other things.
BTW, on the subject of exhaust tube diameter at the exhaust port: Recent Engine Masters tech as shown dyno proven results that the 'optimum' primary tube size should be 10% less than the exhaust valve diameter! Velocity was the citing factor! This is in contradiction to current same size standards used today. I use a 1 7/8 exhaust tube diameter with a 1.81 exhaust valve,, but some guys that run a 'hotter' combo than mine,(more cam intake lift and sooner opening time), use a 2" and they have great results with this. So it's not an 'exact' science, but I think it's a mistake to overdo it on the size thing, especially with engines of 400 cubes or less because torque is much more of an issue with these smaller engines. Some Race teams keep the exhaust flow secret, they cover the collector area. The exhaust systems used in Nascar engines use this reduce diameter technology, underneath is way more interesting than on top! Steve, I use Hooker Full Length 1 5/8 Primary into a 3" Collector then into a dual 2 1/2" exhaust into 40 series Flowmasters on my 360 Magnum powered 1/2 ton Dodge truck. This setup makes nice torque, but I wouldnt go any bigger than this on a 360 cube engine.