yes, it's possible that if the HE's are rusted through you could get carbon monoxide in the cockpit. ask me how i know
this shouldn't be the case, though.
you may just need a new muffler. if that's the case, only 75-6 style (obviously) will fit with your current HE's. this late model muffler style also requires a cat or cat by-pass tube. i have a cat laying around here that you can have if you want (no by-pass tube).
the 75-76 HE's are the culprit in the late model exhaust (though i don't think they're as bad as some people seem to think), and you can back date the whole-shebang if you want, picking up a few hp. SS HE's and a bursch is the most common setup.
or, after asking yourself what you want to do with the car first, you may opt for a header system. you'll lose all heat to the cabin in this case, but you'll pick up some power. $400-$1000. you can always put this on your next T4 engine, also.