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No, not on an LT1. Your cats are pretty good in comparison to the L98.
I would not change them until/unless you go to longtube headers, in which case you'll probably have to for the headers to fit, or if you are having problems with the car that might indicate a clogged cat (loss of power).
From: One day you're a Comet...the next day you're dust... Arkansas
I used Magnaflow (Carsound) on my L98. Catco has a good rep. Check eBay there are usually better prices there. The $35 unit may be fine but you may need to weld them on. If they are brittle rusty outside they could be pretty crappy inside. I replaced mine at 48K. Make sure to leave you O2 sensors.
If you don't mind take a minute and fill out your profile.
If your LT1 is stock at 300chp you need 660cfm of total exhaust flow or >330cfm per side and so per cat. If you plan to mod your LT1 I suggest looking for ~450 cfm of flow from each cat.
So, when selecting a cat, look for:
->330cfm flow
-fit to the front Y & in the space available
-best price