G'day Mystyler,
Good score, again.
That machine has undergone a mod or two, not surprisingly for a workhorse mower. You've noticed the exhaust extension pipe - the muffler appears original.
Also, the blade disc has been changed, probably when the OEM type blades went NLA. The original setup had a disc with slots in it, to enhance the 'fan action', and three thick, reversible blades. As shown in this past 320-04 thread;
https://www.outdoorking-forum.com.au/forum/ubbthreads.php?ubb=showflat&Number=55231