There are no restrictions on materials or shape for a muffler, some just look better suited than others.
If your going to “skin” the muffler with aluminium then their wouldn’t be any reason to cut up the original as you would end up replacing everything anyway.
Good originals can be sought after by the guys doing the original resto’s.
I have repaired a few by grinding down the 2 seams of the muffler to take it apart. You can then remove dents, fit a new core, repack and put back together again. You can make them look like new again but I wouldn’t like to do this more than once as the seam gets too small to be able to reweld too many times.
Ji’s way of fitting an end cap will make them easily repackable.