Seeing that a pic is worth a thousand words and all that here is what I've done:
Started with removing about 2 inches of internal pipe, then removed another half inch or so (no real difference between the 2 to be honest) to leave about 1 inch of internal pipe. As you can see from the pic I've mashed one of the external pipes a bit with grips to remove the db killer. The hole you can see is one I've drilled to re-secure the thing to make life easier.
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Here's the db killer in place with a new hole on the outside of the exhaust:
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And here it is with a bolt to secure it in place:
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I now use a spring puller (easily and cheaply available from Ebay) to remove the db killer when I want to:
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Like this, in case you're in any doubt:
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As mentioned before though, unless you re-map to run without the db killer the engine will run very lean. Here's my dyno chart to show both the power / torque gain without the baffle (2 bhp / 1.4 Ft/lb) - and the air / fuel mix. With baffle about a perfect 13 to 1 but without a very lean 17 to 1 with a risk of damaging the engine.
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I guess the MT-07 has more of a torque plateau than a torque curve.