If test pipe is equal diameter to your exhaust pipe diameter or bigger, it shouldn't be a problem, or cause a problem.
The potential problem for not having a CAT is sound polution, CO2 and others gas polution, and higher changes of getting a ticket. Getting a high flow cat can reduce the problem, good for environment, and less noisy exhaust too. I have a full 3inch exhaust, with larger than 4 inches CAT, and 3inch in and out straigh thru muffler. All mandrel bent

so, i got to have the CAT.
I didn't know our TPS is adjustable, nor 240 has air/fuel ratio screw. I just know we have idle speed screw.