It all comes down to preference. I prefer Magnaflow as well (for trucks), though my '63 has a Flowmaster on it due to the fact that I needed something really slim due to the air ride setup on it.
Magnaflow vs Flowmaster? Chevy vs Ford? These arguments will live on forever (provided we keep printing bailout money!)
Just go with whichever you prefer. There are no major performance differences at all.
As far as the sound, it all comes down to the SIZE of the muffler. I purchased a smaller Magnaflow because I wanted it to sound a bit louder.
Go to their website, listen to the clips under "Hear it!". Listen the Tahoe/Sub/Yuk clips as well as some of the Silverado clips. You will hear a difference in loudness. Most of these share the same engine. The only difference is the size of the mufflers in the kits.
I liked the loudness of their '07-08 Silverado kit and noticed they had a smaller muffler on that so that's what I did.
I've yet to get it installed. (havent had time!)