Pacesetters and kooks..
It would run fine, maybe a little rich and you might get a check engine light. But it wouldn't hurt anything. Its best to do your mods in groups with a budget in mind. Bolt on's then a tune, forced induction or cam and a tune. If your going to get more midieval than that you won't need anyone's advice at that stage, at least not mine.
Find the best high performance shop in your area that doesn't mind sharing the technical info with you and ask them about a mod your going to buy. You can write down all the BS you want from the internet but you would be better off asking a shop that has seen the good, bad and ugly of just about everything you can throw at them.
I like a shop that makes their money from doing the installation and not from selling the parts.
1. If you already have a set of 1 3/4" headers is it worth it to buy a set of 1 7/8" headers for the small gains you will get per cost of a new set of headers. That answer would be NO.
2. If you don't have headers now and are about to buy a set. Is the extra cost of upgrading to 1 7/8" for the small gains you will get per the price difference between the two. That answer would be YES.
Keep in mind of how far you plan on going with mods. I bought a set of 1 7/8" headers because I was planing on porting the heads and installing a bigger cam some day. That has changed after I started learning more mostly from this site. Now I'm going to install a Procharger so I would be better off with 2" headers. Am I going to get a set of 2" headers, NO. I would be better off spending that money on Cam with more gains.
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As far as 1 3/4 vs 1 7/8 there is a trade off, the larger tubes may cause you to loose some low end torque but may gain on top depending on your combination. The smaller tubes will promote more low end torque but may loose on top depending on your combo. On a stock or near stock engine with say a cam only, that statment will definitely hold true when going to large tube headers.
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