Hi Nathan
The clues all point to an AT2-3
Sunken letters and from the photos a reed valve. Good news is it's the one off evilbay and as it turn out the seller is a very old friend who I haven't seen in years. He had heaps of other AT stuff which he's thrown in. Wheels, electrics, gaskets etc and the the part that you were after, a reasonable exhaust with a good 125 shield!
That's yours if you want it.
DG26 is picking it up today.
Talk to you soon.
PB