Well if they hate you now don't go external dumped to atmosphere without muffling, unless you plan on not boosting within a 2 mile raidus (yes depending, it can be that loud, mine is).
The 2.5" dp isn't bad, but you will be losing power that you could have if you keep it.
It depends on what acuator you get. The normal mitsubishi acuator will bleed it off early.
A wastegate bleeds of extra exhaust gasses before they hit the turbine, so it's rpms are limited, and you don't get too much boost. External is better, but not necassary for most people. If you're just getting a 16G it's definetly not necassary.