Well that makes me feel a little better knowing I got my money out of my shocks! I'm just really worried that in the next 5 years the body my start to rust and the frame will start rusting out.

No the hole in the muffler was about the size of a baseball. I'm not quite sure what the wide pipe is either but from what I understand I think it's the long pipe that goes from the Catalytic Converter to the muffler?