DH while you make a compelling argument and while I agree about it being a problem moving to carbs and getting the mixture right, the rest I do not agree with.
Most modern cars do not need cats to pass their emissions test, people think a cat has a much bigger effect than what it really does, if the car is in good running order and has regular services it should be fine.
I have several friends with cars that have no cats, they have either smashed the internals of the cat out or replaced them with an empty casing and they have no problem passing an emissions test, one has a skoda fabia vrs, another has an e39 M5, another has an e36 316 and another has what I think is a mk5 fiesta, not sure what mk is what with the fiesta, probably because I'd rather burn them than look at one, none of these have had a problem with emissions.
Even the tester gave me advice about me losing the cat on my golf, I was just going to put a decat pipe in and put the cat on for the mot so he could see it had one, but he told me to put an empty casing and leave it on.
When I took one of my peugeot's for it's mot it had not been started for over a year, had not been driven for more than 2 years and had not been driven more than 50 miles in 4 years, had not had a service for over 25000 miles, it had no cat as I bought it off someone I knew as scrap, with the intention of fixing it to give to my girlfriend and they had taken the cat off, so I welded an old section of exhaust in which looked like a cat, the engine was cold when it was tested as I had left it at the mot station the night before for them to change a tyre, I naturally expected it to fail on emissions, but it went straight through.