The other half of the noise is usually the valves/mechanical noise...
You can do a valve adjustment and bring it back to spec and that might help slightly, but that noise will always be there.
Mufflers are tuned to the engine they serve, so you would have to try different ones.
I had an old Onan from 1970 that had a car-looking muffler on it, not unlike the above post. It did lower the noise, mostly the high frequencies, but it was still loud. It was a big one-cycender banger, but ran at 1,800 rpm so was quieter than your 3,600 rpm gen.