How about modifying the stock muffler? Take the standard CT200U box muffler and then on or inside where the exhaust comes out, weld on the ubiquitous Briggs 294599 muffler. They can be had painted (usually white) or zinc plated (looks like chrome). The Briggs muffler is basically a spark arrestor but does lower the sound several decibels and isn't very restrictive.
You might have to grind or cut the end at a slight angle so when it is welded flush to the stock muffler, it is angled out slightly to clear the rear fender.
Better yet, make it removable. Weld on a 3/4" NPT female threaded coupler instead and then screw the Briggs muffler into it:
3/4" 150 Female (NPT) Full Coupling 304 Stainless Steel Coupler
Doesn't even need to be stainless steel, that's just an example....