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The bigger the pipe the more freely the exhaust can flow out of the truck therefore the more performance. Hope this helps!
This is true to a point. If your intention is to make more power, then ideally you're improving the exhaust gas velocity by making an incremental size change rather than a huge jump in pipe diameter, which can actually decrease performance, most notably low-end torque.
For the OP's question, either a 3" single exhaust or a dual 2-1/2" exhaust falls right into our recommended diameters for the engine displacement.
You can read more about pipe diameter on our site here; the red text and the chart are the most important parts.