If you had a non-GT car with a C-code engine, you could get a dealer-installed dual exhaust, but it had the turn-down tips in front of the stock rear valance.
If an original owner of this type of CS (or other Mustang) wanted the GT valance, I suppose a dealer could get the parts, paint the valance and set it up for the customer (except for the six cylinder).
I understand the factory setup, but I think that if you aren't too concerned about "concours" detailing, I'd go for it., because the whole back end, looking like a Shelby GT, kinda demands the dual exhaust--with cutouts look.
Personally, when I see straight pipes under a stock valance, it kinda makes me nuts, because the cutouts and dual chrome tips look so cool; like they belong there.
Paul N.